Does Your Business Qualify for the Health Care Tax Credit?

As an small employer you may qualify for a health care tax credit.

To qualify for the tax credit, all of the following must apply:

• You have fewer than 25 full-time equivalent (FTE) employees
• Your average employee salary is about $50,000 per year or less
• You pay at least 50% of your full-time employees' premium costs
• You offer coverage to your full-time employees through the SHOP Marketplace

The tax credit is worth up to 50% of your contribution toward your employees' premium costs (up to 35% for tax-exempt employers).

Important Links:

• Calculate your FTE's
• Estimate your tax credit

For more information you can visit Healthcare.gov SHOP overview.

Tiffany Geiger, President