Tag: small business tax credit

Question: Please describe how the Small Business Tax Credit under the Affordable Care Act works for small for-profit employers. Answer: The tax credit program allows eligible small businesses that do offer employee health insurance some financial relief from the government.  For tax years 2010–2013, the maximum credit is 35% for small business employers and can rise to…

Question: What are the rules pertaining to the Small Business Tax Credit under ACA? Answer: For the 2013 tax year, the maximum credit is 35% for small business employers and 25% for small tax-exempt employers.   Please note, however, that part of the automatic “sequestration” cuts that took place as of March 1, 2013 reduce the refundable portion…