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 several weeks, Vision Payroll will be providing further information on the Small Business Health Care Tax Credit. Today’s topic is Transition Relief for Employers That Do Not Pay a Uniform Percentage.
The Internal Revenue Service (IRS) expects to issue transition relief that will allow employers that otherwise qualify to claim the credit even if those employers do not pay a uniform percentage for all enrolled employees. As long as the employer pays at least 50% of the premium cost for each enrolled employee, the percentage paid will not need to be uniform for all employees.
The final topic to be covered in this series is Transition Relief for Employers That Do Not Pay at Least Fifty Percent of the Premium. Contact Vision Payroll if you have further questions on Transition Relief for Employers That Do Not Pay a Uniform Percentage.