Note: This should not be taken as tax or legal advice.
Earlier this year, we provided a
step by step guide to calculating the Small Business Health Care Tax credit by hand.
Blue Cross and Blue Shield (BCBS) of North Carolina recently launched a new
small business tax calculator to assist small business owners in identifying the tax credits they are eligible for under health care reform legislation. Small business owners can use the tax calculator to determine their estimated tax credit for 2010-2013, and for 2014.
Last week, the
IRS released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year
including a one-page form small employers will use to claim the credit for the 2010 tax year.
