Small Business Health Care Tax Credit Estimator
Gather workforce, wage, and employer premium contribution information before using the small business health care tax credit calculator. Treat the result as an estimate and confirm eligibility and filing requirements with your tax adviser.
Must be fewer than 25 to qualify. Two half-time employees equal one FTE.
Must be less than ~$64,800 to qualify. Credit phases out starting at ~$32,400.
Total amount you pay toward employee health insurance premiums annually.
Max credit is 35% instead of 50% for tax-exempt employers.
Estimated Tax Credit
Must purchase coverage through the SHOP Marketplace (or qualify for an exception).
Must pay at least 50% of the premium cost for single coverage for each employee.
* This is an estimator based on 2024 IRS guidelines. Actual credits must be calculated using IRS Form 8941. Consult your tax professional.