Small Business Health Care Tax Credit for Tax Exempt Employers

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Are you a Tax-Exempt Employer? You may still be eligible for a refundable tax credit!!!

Even if you have no taxable income, you may be eligible to receive the credit as a REFUND so long as it does not exceed your income tax withholding and Medicare tax liability. The refundable portion of credit is subject to sequestration. You must file Form 990T, Exempt Organization Business Income Tax Return in order to claim the credit, even if you don’t ordinarily do so.

The small business health care tax credit benefits employers that:

  • have fewer than 25 full-time equivalent employees
  • pay an average wage of less …read more

    Read more here:: Nonprofit


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