is now 
Small businesses are being reminded about the tax credit available for providing employees health care insurance.
To qualify a small business must:
- cover at least 50% of the cost of single health care coverage for each employee.
- have fewer than 25 full-time equivalent employees.
- have average wages of less than $50,000 per year.
The tax credit applies for the years 2010 to 2013 and reaches up to 35% of the cost of providing health care insurance. In 2014, the rate is scheduled to increase to 50% for small business employers.
A simple step-by-step guide can help you determine the amount of tax credit you may receive.
Tax credits reduce the total amount of tax you owe dollar-for-dollar. This health care tax credit can be applied backwards or forward to other tax years.
To download the step-by-step guide to figure the amount of tax credit you may qualify for, click on this link: Online Guide to Determine Health Care Insurance Tax Credit
