State:
Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?


Download Now!




This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

Download Now!
May 18, 2010
IRS Releases Guidance on Small Business Health Care Tax Credit
The Internal Revenue Service (IRS) released detailed guidance to help small employers understand the new health care tax credit under the Affordable Care Act. The information is meant to help small employers determine if they qualify for the new tax credit and estimate the amount of the credit they will receive.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The guidance, Notice 2010-44, also makes a few clarifications. Small employers can:

  • Receive state health care tax credits can still qualify for the full federal tax credit
  • Receive the credit not only for regular health insurance but also for add-on dental and vision coverage

The credit, which goes in to effect this year, is meant to encourage small employers to begin offering health insurance coverage to employees or maintain coverage they already have. The IRS has issued information on the credit as it applies for 2010-2013, including information on transition relief for 2010. An enhanced version of the credit takes effect in 2014.

For more information on the healthcare reform, visit BLR's Healthcare Reform Resource Center for Employers.

Featured Special Report:
Top 100 FLSA Overtime Q&As
   
   
 
 
Twitter  Facebook  Linked In
Follow Us
CT-WEB01
Copyright © 2016 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on http://Compensation.BLR.com
Document URL: http://compensation.blr.com/Compensation-news/Benefits-Leave/Healthcare-Insurance/IRS-Releases-Guidance-on-Small-Business-Health-Car/