Retroactive Health Care Insurance Tax Credit Available to Small Businesses & Non-Profit Organizations

OPEN MINDS Weekly News Wire Strategic Health Care News On May 17, 2010, the federal Internal Revenue Service (IRS) released additional guidance on the small business health care tax credit included in the recent health care legislation. Employers, including non-profit organizations, with 25 or fewer full-time equivalent employees (FTE) that pay at least half the cost of premiums for health care insurance for employees are able to receive a retroactive tax credit for premium costs incurred as of January 1, 2010. Organizations that started offering health care insurance in 2010 qualify for the 2010 tax credit, and can . . .