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TAX BREAKS

Do I Qualify for the Small Business Health Care Tax Credit?

By Susan Ladika on November 3rd, 2011 at 6:45 pm

If you own a small business and employ fewer than 25 full-time equivalent employees, you may very well be eligible for the tax credit. It all depends on your employees' average annual wages, and whether you pay part of their health care coverage. If you meet specific criteria, you could be eligible for a tax credit of up to a maximum of 35 percent of your health care premium costs. The credit was adopted as part of federal health care reform legislation. .
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