Southern Brooklyn

Local Politicians Highlight Health Insurance Tax Credit

This guy needs health insurance. (Source: Amarand Agasi/Flickr)

Hey, local business owners, looking to cut some costs and help your employees out?

Senator Charles Schumer and State Senator Marty Golden are trying to raise awareness among local businesses of a new federal tax credit that’s part of the Affordable Care Act and can be worth up to $25,000. It’s called the Small Business Health Care Tax credit, and it helps pay they cost of providing health insurance to your workers. Business with less than 25 employees are eligible; of course, the catch is that you have to offer health insurance to those employees. This is a good opportunity to start if you don’t already.

According to Senator Schumer about 350,000 small businesses may qualify for the tax break (though some say that number is overstated). If you’re a small business owner and would like to see if you qualify, the National Federation of Independent Business has put up a calculator to determine your break per employee.

If you’d like to know more about the Affordable Care Act and how it benefits you, check out the government’s website. You can also check out this page about the Small Business Health Care Tax Credit.

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  1. NEW TAXES for you to enjoy. Thanks to King Bloombug

    Accounts Receivable
    Building Permit
    Capital Gains
    CDL License
    Corporate Income
    Court Fines
    Dog License
    Federal Income
    Federal Unemployment
    Fishing License
    Food License
    Fuel Permit
    Gasoline (42 cents per gallon)
    Hunting License
    RS Interest Charges
    IRS Penalties
    Local Income
    Marriage License
    Real Estate
    Recreational Vehicle
    Road Toll Booth
    Road Usage
    Septic Permit
    Service Charge
    Social Security
    State Income
    State Unemployment
    Telephone Federal Excise
    Telephone Federal, State and Local Surcharge
    Telephone Federal Universal Service Fee
    Telephone Minimum Usage Surcharge
    Telephone Recurring and Nonrecurring Charge
    Telephone State and Local
    Telephone Usage Charge
    Toll Bridge
    Trailer Registration
    Tax Utility
    Vehicle License Registration
    Vehicle Sales
    Watercraft Registration
    Well Permit
    Workers’ Compensation

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