Health Care Tax Credit

A tax credit available to some small businesses that provide health insurance for their employees. The health care tax credit is a direct, dollar-for-dollar reduction in a business' tax liability up to a certain percentage of the premium it pays for employee health insurance. The credit phases out for average employee incomes between $25,000 and $50,000 and for business with between 10 and 25 full-time employees. This credit became available in 2010.

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Caption: Small business health care tax credit runs out for most

Volunteer board member of not-for-profit may assert reasonable cause for unpaid payroll taxes: A district court holds that reasonable cause remains an issue

CMS now proposes maintaining the Affordable Care Act Small Business Health Care Tax Credit, but allowing employers to enroll directly with insurance companies offering SHOP plans or through a broker registered with SHOP.

3 Forces Molding the Small-Group Health Market Now

Some employers that purchase SHOP coverage are also able to access the Small Business Health Care Tax Credit. This option will still be available to small employers who purchase coverage under the new enrollment approach.

United States : Centers for Medicare and Medicaid Services Offers New Health Coverage Enrollment Option for Small Business

Additionally, small employers who meet certain eligibility criteria and who offer health coverage through the Small Business Health Options Program (SHOP) Marketplace may qualify for a Health Care Tax Credit. For more information on the Small Business Health Care Tax Credit, visit the Internal Revenue Service (IRS) website at www.irs.gov.

Attracting and retaining great people: tips franchises need to know

Republicans say their health care tax credit would be as easy to move from plan to plan as a backpack.

Republicans' new ACA replacer, dissected

Of particular interest is the explanation of the Small Business Health Care Tax Credit and ACA's impact on Flexible Spending Arrangements (FSAs) and Health Savings Accounts (HSAs).

Resources for navigating the Affordable Care Act

Businesses with 25 or fewer employees that offer coverage to their workers through the SHOP marketplace may be eligible for a Small Business Health Care Tax Credit of up to 50% of the employer's cost.

Website of the month: Affordable Care Act websites--Part II

SHOP coverage brings tax benefits to the employer through the Small Business Health Care Tax Credit. The employer must pay at least 50 percent of full-time employees' premium costs, or 35 percent of the premiums paid by tax-exempt employees.

Small businesses have 'SHOP' option: Chaney gives large businesses one-year waiver to make coverage ACA compliant

Keep in mind that for businesses to qualify for the small business health care tax credit, they must use the SHOP marketplaces.

6 things you probably don't know about health insurance ... but should

But if you want to apply for the Small Business Health Care Tax Credit, you will need to get a notice of your SHOP eligibility before you file your returns for tax year 2014.

Health insurance coverage--what small businesses need to know: you don't need to wait to hear hack from the SHOP marketplace about your eligibility before enrolling

* Missing out on a health care tax credit. Under the Affordable Care Act, businesses that provide group health insurance may be eligible for a tax credit.

The tax man cometh

(2012), "Good Business Sense: The Small Business Health Care Tax Credit in the Affordable Care Act," Report, Families USA and Small Business Majority.

Analysis of small business owners' perception of the patient protection and affordable care act: evidence from Wisconsin farmers