Small business health care tax credit
Up to 50% of premiums
Can You Write Off Small Business Health Care Tax Credit?
Short answer: Yes: employers with fewer than 25 FTEs and average wages under about $66,000 can get up to 50% of premiums back for two years via SHOP plans.
Form 8941.
Records to keep: Keep receipts or invoices, proof of payment, and a note of the business purpose for each expense.
BW-B23-00682
low risk
Small business health care tax credit
Up to 50% of premiums
General Business
Equipment & Gear
Tax Write-Off Rules
Yes: employers with fewer than 25 FTEs and average wages under about $66,000 can get up to 50% of premiums back for two years via SHOP plans.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Yes: employers with fewer than 25 FTEs and average wages under about $66,000 can get up to 50% of premiums back for two years via SHOP plans. Form 8941.
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- Tax Write-Off Rules
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