IRS provides certain small employers with relief for the small business health care tax credit for 2017 and later years

IRS provides certain employers with relief for business health e credit for 2017 and later years

IR2018108, April 27, 2018

IR2018108, April 27, 2018

WASHINGTON ― Internal Revenue Service today issued guidance that provides relief for certain employers that wish to claim Business Health e Credit for 2017 and later years. 

WASHINGTON ― Internal Revenue Service today issued guidance that provides relief for certain employers that wish to claim Business Health e Credit for 2017 and later years. 

Small Business Health Care Tax Credit can benefit certain employers who provide health coverage to ir employees. Generally, employers must provide employees with a qualified health plan from a Business Health Options Program (SHOP) Marketplace to qualify for credit. Also, employers may only claim credit for two consecutive years.

Small Business Health Care Tax Credit can benefit certain employers who provide health coverage to ir employees. Generally, employers must provide employees with a qualified health plan from a Business Health Options Program (SHOP) Marketplace to qualify for credit. Also, employers may only claim credit for two consecutive years.

In general, relief provided today helps employers who first claim credit for all or part of 2016 or a later able year for coverage offered through a SHOP Marketplace, but don’t have SHOP Marketplace plans available to offer to employees for all or part of remainder of credit period because county where employer is located has no SHOP Marketplace plans.

In general, relief provided today helps employers who first claim credit for all or part of 2016 or a later able year for coverage offered through a SHOP Marketplace, but don’t have SHOP Marketplace plans available to offer to employees for all or part of remainder of credit period because county where employer is located has no SHOP Marketplace plans.

relief allows se employers to claim credit for coverage provided outside of a SHOP Marketplace for remainder of credit period if that coverage would have qualified under rules that applied before Jan. 1, 2014.

relief allows se employers to claim credit for coverage provided outside of a SHOP Marketplace for remainder of credit period if that coverage would have qualified under rules that applied before Jan. 1, 2014.

Notice 2018-27 ves guidance about calculating credit under se circutances. ice does affect previous transition relief for credit that was separately provided for 2014, 201, and 2016.

Notice 2018-27 ves guidance about calculating credit under se circutances. ice does affect previous transition relief for credit that was separately provided for 2014, 201, and 2016.

For information on wher a county had or has coverage available through a SHOP Marketplace, see “Who Gets Credit” section of Questions and Answers about the Small Business Health Care Tax Credit on IRS.gov. 

For information on wher a county had or has coverage available through a SHOP Marketplace, see “Who Gets Credit” section of Questions and Answers about the Small Business Health Care Tax Credit on IRS.gov. 


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