Does Your Urgent Care Business Qualify for the Healthcare Tax Credit?

Is your urgent care business center losing out on the Small Business Health Care Tax Credit? Not sure if you’re eligible?

The IRS has recently posted a quick Q & A to better explain the credit. According to the IRS.gov a qualified employer must have fewer than 25 full-time employees or a combination of full-time and part-time (for example, two half-time employees equal one employee for purposes of the credit); the average annual wages of employees must be less than $50,000, and the employer must pay at least half of the insurance premiums. The employer must also pay premiums under a qualifying arrangement. See the What expenses count question on the Calculating the Credit page.

Read more on who qualifies at www.irs.gov.

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