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Saturday May 18th 2013

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Health Care Tax Credit Often Overlooked

As small-business owners prepare their taxes this season, they may be overlooking a little break tucked away in IRS Form 8941. A relatively new tax credit is available to certain small businesses and charities to help offset the cost of providing health insurance to their workers. But tens of thousands of businesses across the nation are leaving money on the table, according to the U.S. Treasury Department as reported in the StarTribune.

 

California small businesses can review the IRS guidelines to determine eligibility for the tax credit on the new business-oriented website at www.healthlawguideforbusiness.org.