Small Business Health Care Tax Credit Estimator

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Created on November 12, 2014
 

If you’re an employer who may be eligible for the Small Business Health Care Tax Credit, you can use this Estimator. The credit is designed to encourage small businesses to offer health insurance coverage for the first time or maintain coverage they already have.

For some employers and tax-exempt organizations, this could save thousands of dollars by providing a credit against income tax (a refundable credit for certain tax-exempt organizations).

The Estimator can help determine whether you’re eligible for the credit and if so, estimate the amount. This tool is meant to be educational. To find the actual amount, you must complete Form 8941, Credit for Small Employer Health Insurance Premiums, or consult a qualified tax professional. The Estimator also provides links to forms, instructions, and guidance to help you learn more about the Small Business Health Care Tax Credit.