Small Business Health Care Tax Credit Calculator

Posted on May 22, 2010

Ever since the health care reform bill passed, we have been fielding tons of questions from our clients about how this bill was going to affect them. Three of the most frequent questions that we get from our small business / group health insurance clients are:

1. Does my small business qualify for the “Small Business Health Care Tax Credit”?

2. How much can I expect to get back as a result of the “Small Business Health Care Tax Credit”?

3. How do I calculate the “Small Business Health Insurance Tax Credit”?

If all you read was the news articles about this tax credit, it sounded pretty simple.   In fact, I had many clients excitedly calling me saying that they heard about this 35% tax credit…and that this was just what the doctor ordered.  Well, not so fast — there are about 13 steps to the calculation to determine if you qualify and, if you do, the percentage is not always a flat 35% of employer paid premiums.

So, in an effort to answer these three questions and to clear up much of the confusion surrounding the “Small Business Health Insurance Coverage Tax Credit”, we have developed this simple and easy to use Small Business Health Insurance Tax Credit Calculator.  Just answer 4 simple questions (rows A-D) and then click “UPDATE”.

Small Business Health Care Tax Credit Calculator


 

Still have questions about the Small Business Health Insurance Reform Tax Credit?

Check out these additional resources:

Determine if you qualify for the Small Business Health Care Tax Credit by following these three simple steps >>

Small Business Health Care Tax Credit: Frequently Asked Questions >>

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