Tax Credit for Health Insurance paid by Employers

Posted on February 25, 2011

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As the 2010 corporate tax deadline creeps up on us, keep this in mind.  For 2010 the credit under the new health insurance law starts to take effect.  Employers with 25 or fewer employees who are paid an average wage of less than $50,000 each may qualify for a tax credit of up to 35% of the health insurance premium you paid.  The Missouri cap on employer health insurance premium is $4,663 per year for individual coverage and $10,681 for family coverage.

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