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Patient Protection and Affordable Care Act

The recently enacted Patient Protection and Affordable Care Act could earn you a new tax credit this year for providing health insurance for your employees.

If your small business or tax-exempt organization pays employee health insurance premiums in 2010, you may be eligible to claim a new credit on your 2010 tax return.  Employers with fewer than 25 employees (more if you have part-time employees), and less than $50,000 in average wages, may be eligible. 

How much you may receive
Eligible small employers could qualify for a credit worth up to 35% of premiums paid in 2010 (for businesses) or 25% of premiums paid (for tax-exempt groups).

Find out if you’re eligible
Visit www.irs.gov or consult your tax professional to learn more about whether your small business qualifies for this valuable incentive to provide health coverage for your employees. 

Visit www.irs.gov for more information