June 15, 2010
Claiming the Small Business Health Care Tax Credit Without Taxable Income
Filed under: News
Vision Payroll

The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. Over the next several weeks, Vision Payroll will be providing further information on the Small Business Health Care Tax Credit. Today’s topic is Claiming the Small Business Health Care Tax Credit Without Taxable Income.

The Small Business Health Care Tax Credit will be claimed by employers, other than tax-exempt employers, only to the extent of income tax liability or alternative income tax liability. For 2010, unused credits may generally be carried forward twenty years, in accordance with the general business credit rules. For 2011 and beyond, the credit may also be carried back one year.

The next topic to be covered in this series is Claiming the Small Business Health Care Tax Credit Without Taxable Income for Tax-Exempt Employers. Contact Vision Payroll if you have further questions on Claiming the Small Business Health Care Tax Credit Without Taxable Income.

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