Small Employer Health Care Insurance Credit

The Health Care Act provision providing tax credits to qualifying small employers took effect in 2010.  Employers with fewer than 25 full-time employees and average annual wages of less than $50,000 that pay at least half of the cost of health insurance for their employees may qualify.

Through 2013, the credit for businesses, which reduces income tax liability dollar-for-dollar, is up to 35% of the cost of group health insurance coverage. 

For more information, please contact us at 616.453.6000.

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CPA Company LLC, 4335 Lake Michigan DR NW, Grand Rapids, MI 49534  616.453.6000