Don’t Forget Small Business Health Care Tax Credit

Small employers which pay at least half of the premiums for employee health insurance under a qualifying arrangement may be eligible for the small business health care tax credit.

The credit is targeted to small employers who primarily employ low and moderate income workers.  In 2014, the maximum credit is 50% of premiums paid on behalf of employees enrolled in a qualified health plan offered through a Small Business Health Options Program (SHOP) Marketplace.

Check out Form 8941 for use in claiming the credit.