Small Business Tax Credits

04/11/2012

Under a tax credit that started in 2010, small businesses (including nonprofits) that offer healthcare coverage to employees may be eligible for a credit on their taxes. Small businesses with fewer than 25 full-time equivalent (FTE) employees, who pay average annual wages below $50,000 per FTW, and who contribute at least 50% of their employees premium are eligible.

Use this simple healthcare tax credit calculator to find out what your tax credit could be.