The federal Patient Protection and Affordable Care Act helps small businesses and small tax-exempt organizations afford the cost of providing health insurance to their employees. If a business has fewer than 25 employees and provides health insurance, it may qualify for a small business tax credit of up to 35% (up to 25% for non-profits) to offset the cost of the insurance. To determine if a small business or tax exempt organization qualifies for the small business health care tax credit, follow the three steps on the IRS fact sheet.
For more information about the small business health care tax credit, see the IRS website.
