The new healthcare law provides a tax credit for certain small businesses (including tax-exempt organizations) employing moderate- and lower-income workers. This credit is in effect right now. For years 2010 through 2013, a qualifying business can recover up to 35% of the amount it pays in health insurance premiums for its employees. The IRS has issued guidance on how this part of the new law works. (more…)
Posts Tagged ‘health insurance’
IRS Guidance on Small Business Healthcare Credit
Tuesday, May 18th, 2010Best Graduation Present Ever: Continued Health Insurance Coverage
Tuesday, May 11th, 2010Graduation from college forces many students into a scramble for health insurance — or worse, a period without coverage. Although many provisions in the healthcare reform law won’t take effect for several years, a rule that extends coverage for children to age 26 takes effect soon. The provision will help many graduates make a smooth transition from the coverage they had in college to the coverage they’ll have as a member of the workforce. Agencies charged with implementation, including the IRS, have issued temporary regulations explaining how this new rule works. (more…)
