News & Updates
December 16, 2015
The IRS has released an updated Form 8941, Credit for Small Employer Health Insurance Premiums, and related instructions for tax year 2015. Eligible small employers use this form to figure the credit for small employer health insurance premiums.
The small business health care tax credit is designed to encourage small businesses and tax-exempt employers to offer health insurance coverage to their employees. Among other requirements, an employer may be eligible for the credit for tax year 2015 if:
For the latest information about developments related to Form 8941 and its instructions, click here.
Our section on the Small Business Health Care Tax Credit provides additional details regarding the credit.