Small Business Tax Credits are available to eligible businesses and non-profits to put towards insurance coverage for their employees.
In order to qualify for the Small Business Tax Credit, companies must meet the following requirements:
Eligibility for Small Business Tax Credit
- Must have fewer than 25 employees.
- Must pay at least 50% of their employees' premiums.
- Average salary of employees must be $50,000 or less.
- This is a sliding scale based on the number of employees and average payroll.
For more information on the Small Business Tax Credit, visit this page on Healthcare. gov .