The SHOP Tax Credit Estimator can help determine if your business may qualify for the Small Business Health Care Tax Credit, and if it does, how much it could be worth to you.
To qualify for the tax credit, all of the following must apply:
The tax credit is worth up to 50% of your contribution toward your employees' premium costs (up to 35% for tax-exempt employers).
You don’t need to offer coverage to your part-time employees or to dependents to qualify for the tax credit.
Before you use the SHOP Tax Credit Estimator you should have this information handy:
The eligibility results you get from the SHOP Tax Credit Estimator and the amount you qualify for are only estimates.
This tool is based on current IRS guidance regarding the Small Business Health Care Tax Credit. It will be updated to reflect any changes to IRS guidance or regulations regarding the credit.