Small business tax credit
Applies to grandfathered and non-grandfathered plans
Requirement overview
- Small businesses can receive tax credits from the federal government to help make providing health insurance more affordable.
- Credits are available for an estimated 4 million businesses (including non-profits).
- Maximum credit is 35% for taxable employees and 25% for tax-exempt.
- Eligible employers must:
- Pay at least 50% of the total premium costs
- Employ fewer than 25 full-time equivalent employees
- Pay average annual wages of less than $50,000
What Priority Health is doing
We've created an easy tax credit calculator on understandinghealthreform.com. Go to the tax calculator.
What you need to do
Use the Small Business Tax Credit Calculator at understandinghealthreform.com to see if you're eligible for the credit and how much of a credit you'll receive. Go to the tax calculator.
Looking for more details about health reform?
