Employers receive a tax credit up to 35 percent of their contributions for health insurance premiums for their employees. To be eligible, a business must have fewer than 25 full-time-equivalent employees, have less than $50,000 in average wages, and the employer must cover at least 50 percent of the cost of health care coverage for employees. See
eligibility,
examples, and
FAQsJan. 1: Small Business Tax Credit Takes Effect.
Jan. 1, 2010