How Much Tax Credit Are You Eligible For?
The new health care reform law provides certain tax benefits for qualifying small businesses.
These are Businesses:
With less than 25 full time equivalent (FTE) employees,
With average salaries of less than $50,000 per employee, and
With employer contributions to health insurance premiums of at least half the cost of single coverage for their employees.
M.J. Cwik & Associates does not provide legal or tax advice. This tool is preliminary in nature and is designed to help estimate the maximum amount of credit available to employers who believe they qualify for the tax credit. It provides an estimate only for the maximum amount of credit, if any; the actual amount may vary depending on the particular circumstances. Employers who think they qualify for the tax credit should consult with a legal and/or tax professional.