The IRS has released Form 8941, Credit for Small Employer Health Insurance Premiums, and related instructions, for tax year 2016. Eligible small employers use this form to figure the credit for health insurance premiums under the Small Business Health Care Tax Credit.
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 2016 if:
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Source: HR 360, Inc.
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