ADMINISTRATION RELEASES NEW GUIDANCE ON SMALL BUSINESS HEALTH CARE TAX CREDIT

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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