Small Business Tax Credit Calculator

Tax credits through the IRS are available for both for-profit and tax-exempt organizations to help cover the cost of coverage for employees. In 2014, the tax credit increased to cover 50 percent of premium costs.

To qualify, small employers must:

  • Provide health insurance to employees and cover at least 50 percent of the cost of coverage
  • Employ fewer than 25 full-time workers (employers with fewer than 50 part-time workers may be eligible)
  • Pay average annual wages below $50,000