Taking Advantage of the Small Business Health Care Tax Credit

by Rebecca Farley on February 10, 2011

The Treasury Department has released a new brochure for small business owners explaining in detail how they can take advantage of health reform’s small business health care tax credit. The brochure provides an overview of the tax credit and detailed information about which businesses are eligible to claim the credit. It also explains how to claim the credit and outlines additional benefits to small businesses under the health reform law.

The brochure was accompanied by a letter from Treasury Secretary Tim Geithner, which includes data on the premium increases faced by small businesses and explains the benefits of the tax credit to these businesses.

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{ 2 comments… read them below or add one }

Flossie Sims February 24, 2011 at 4:03 pm

I would like to know is a small business with only 5 employes are required to offer health insurance.


Rebecca Farley February 25, 2011 at 8:00 am

Small businesses with fewer than 50 employees are not required to offer health insurance to their employees. However, certain small businesses that choose to offer employee health insurance will be able to take advantage of a 35% tax credit on health premiums (from 2010 to 2013) and a 50% credit beginning in 2014. More information about the small employer tax credit is available by clicking the link in the post above.

-Rebecca Farley, Policy Associate, National Council


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