Small Businesses May Receive Both State and Federal Tax Credits,
Dental and Vision Coverage Eligible for Credit
Key Facts about New Guidance on the Small Business Health Care Tax Credit:
- Provides detailed information to make it easier for small businesses to determine whether they are eligible and how large a credit they will receive.
- Resolves a number of key implementation issues in ways that allow employers to receive the maximum credit available under the law.
- Clarifies that a business’s credit will not be reduced because the business also receives a health care tax credit or subsidy from a state.
- Allows small businesses to receive the credit not only for regular health insurance but also for add-on dental, vision, and other limited-scope health insurance coverage.
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