If you own a small business (fewer than 25 full-time employees), and you have a group health insurance plan, you may be eligible for some tax lovin' from Uncle Sam:
"The credit is worth up to 35 percent of a small business' premium costs in 2010 ... On Jan. 1, 2014, this rate increases to 50 percent (35 percent for tax-exempt employers) ... The credit phases out gradually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers."
So get it while the gettin's good!
[Hat Tip: FoIB Beth D]
"The credit is worth up to 35 percent of a small business' premium costs in 2010 ... On Jan. 1, 2014, this rate increases to 50 percent (35 percent for tax-exempt employers) ... The credit phases out gradually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers."
So get it while the gettin's good!
[Hat Tip: FoIB Beth D]
