Will You Qualify for Small Business Health Care Tax Credits?

tax credit 2

You may qualify for employer health care tax credits if you have fewer than 25 full-time equivalent employees making an average of about $50,000 a year or less. Our Bergen County CPA office offers you insight to this.

To be eligible, you must cover at least 50 percent of the cost of single (not family) health care coverage for each of your employees. You must also have fewer than 25 full-time equivalent employees (FTEs). Those employees must have average wages of less than $50,000 (as adjusted for inflation beginning in 2014) per year. Remember, you will have to purchase insurance through the SHOP Marketplace to be eligible for the credit for tax years 2014 and beyond.

We cater to Bergen County CPA tax preparation in New Jersey since we are a Bergen County accountant firm.  Please contact us if you are interested in this.  We can be reached at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

*