The small business health care tax credit benefits employers that:
- have fewer than 25 full-time equivalent employees
- pay average wages of less than $50,000 a year per full-time equivalent (indexed annually for inflation beginning in 2014)
- For tax years 2015 and 2016, the inflation-adjusted amount is $52,000
- pay at least half of employee health insurance premiums
To be eligible for this credit, you must have purchased coverage through the small business health options program, also known as the SHOP marketplace.
For information about insurance plans offered through the SHOP Marketplace, visit Healthcare.gov.
For more tax info visit www.mooresservicesonline.com
MOORE'S SERVICES, LLC Alabama's #1 Income Tax Preparation Service
2160 Green Springs Hwy Suite E.
Birmingham, Al 35205
Phone (205) 324-8753
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