June 11, 2014
Since 2010, the Small Business Health Care tax credit has been available to eligible small businesses that offer health insurance and have 25 or fewer employees. The purpose of this credit is to help small businesses pay for the premiums on health insurance for their employees.
The following changes have been made to this credit for tax years beginning in 2014:
The credit will work with the new changes as follows:
An eligible employer claims the credit by completing Form 8941 (Credit for Small Employer Health Insurance Premiums) and including it with their federal return.
Businesses that have already filed and later find that they qualified for this credit in 2013 or an earlier year can still claim the credit by filing an amended return for the affected years.
For more information see the following:
2019 Changes to Form 1040, Associated Schedules and New Form 1040SR
September 5, 2019
IRS Accepting Renewal Applications for Expiring ITINs
August 7, 2019
Tax Preparer Security Awareness
June 19, 2019
2019 Federal Tax Changes
April 24, 2019
When a Rental Activity Can Be Included as Qualified Business Income
March 19, 2019
Safe Harbor Rule for Autos that Claim Bonus Depreciation
February 27, 2019