Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If a taxpayer has one job position that pays $40,000 or less on an annual basis, but has two employees during the year that are placed in that position, does the taxpayer have one or two credits?

0
Posted

If a taxpayer has one job position that pays $40,000 or less on an annual basis, but has two employees during the year that are placed in that position, does the taxpayer have one or two credits?

0

The taxpayer would be able to take two credits because the taxpayer must have provided health insurance for both employees. Remember that the employer must provide health insurance for all of its eligible employees to take any credits.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123