Affordable Care Act Offers Tax Credit for Small Businesses

A recent report by Families USA and Small Business Majority finds that with the passage of the Affordable Care Act, millions of small businesses throughout the United States are now eligible for a tax credit to assist with health coverage for employees.

Their analysis found:

• More than 32 million small businesses, employing 19.3 million workers across the nation, will be eligible for the tax credit;
• In total, these small businesses are eligible for more than $15.4 billion in credits for the 2011 tax year alone, an average of $800 per employee.

To find out how South Carolina will be benefited view full report