Small business owners may be eligible for tax credit on group insurance premiums for their employees. According the IRS website the following eligibility rules apply:
Eligibility Rules
Provide 50% of the cost of the single rate for employees
Must have 25 or fewer employees
Average wage must be below $50,000
Amount of Credit
Up to 35% of premium cost
Orange County businesses can contact our Agency located in Costa Mesa, California for more details about this tax credit.
Anthem Blue Cross has published a free booklet with more information on managing health care costs.
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