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35% Premium Subsidy
Hi All,
In a previous communication we explained there is a new 35% tax credit available to small businesses who pay part (or all) of their employee's health insurance premium. The credit phases out starting at 10 employees and entirely at 25 full time employees and/or $50,000 average annual wage.
To help our clients determine if they are eligible for the credit we've developed this simple calculator.
A link to the IRS web site for more information including an explanation for calculating the "phase out" portion of the credit. While we cant provide tax advice, we'd be happy to discuss this with any of our clients now or at your convenience.
Thank you again for your business!
Managed Benefit Systems, Inc.
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