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:
Kiddie Tax Change and Form 8615
February 12, 2020
IRS Expands Their Identity Protection PIN (IP PIN) Program
January 23, 2020
2019 Federal Return and the Affordable Care Act
January 3, 2020
Extender and Disaster Tax Relief Provisions Included in the 2020 Consolidated Appropriations Legislation
December 27, 2019
Reminder of 2019 Federal Tax Changes
December 11, 2019
Virtual Currency and Form 1040, Schedule 1
November 11, 2019