If Your Business Has Fewer Than 50 Employees

Check if you’re eligible for tax credits. The Small Business Health Care Tax Credit can help you afford health care coverage for your employees, especially low- and moderate-income workers. You may qualify for a 50% credit off your health insurance costs if you:
  • Have fewer than 25 full-time equivalent employees (FTEs);
  • Pay average annual wages below $53,000;
  • Offer a qualified health plan to employees through a Small Business Health Options Program Marketplace (SHOP); and
  • Contribute 50% or more toward employees’ self-only health insurance premiums.
You can claim the credit for any two consecutive taxable years.
Take advantage of the SHOP marketplace. You can access the new health care insurance marketplaces through the SHOP exchange. To enroll, you generally must have an office in the SHOP service area and offer SHOP coverage to all your full-time employees.

Game Plan

  • Get more information about the Health Care Tax Credit from the IRS.
  • For more information about SHOP, call the SHOP hotline at 1-800-706-7894 (TTY users: 1-800-706-7915) from Monday through Friday, 9-5 ET.
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