What is the small business tax credit and how do I know if Im eligible?
A. Effective Jan. 1, 2010, tax credits are available to qualified small businesses that provide their employees with health insurance. To qualify, your business must cover 50 percent of the cost of health care coverage for your employees, pay an average annual wage below $50,000, and have less than the equivalent of 25 full-time employees. The size of the credit depends on your average wages and the number of employees you have.
