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News » Small companies could get insurance credit
July 22, 2010
More than 86 percent of Wisconsin small businesses qualify for a tax credit if they offer health insurance to their employees, but few are aware of it.
That's the finding of a new study on the federal health care reform law by the health care advocacy group Families USA.
Appleton tax consultant Jean Marie Hinds says the maximum tax break is 35 percent of the cost of the insurance, and that could be a substantial savings. She says she's looking into the impact that it would have on her company.
Hinds says she's trying to spread awareness of the tax credit to her clients.
The 35 percent credit is available to companies with 25 or fewer employees, with an average salary of under $50,000. |
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