Tuesday, July 20, 2010

Report Says Many Small Businesses Eligible for Health Care Tax Credits

For small business owners in Pennsylvania, offering their employees health insurance may get easier with the passing of federal health care legislation earlier this year.

According to a report issued by advocacy groups Families USA and Small Business Majority, ninety percent of Pennsylvania small businesses are eligible for tax credits in 2010.

The tax credit program which is a key element of the Patient Protection and Affordable Care Act, targets small employers with up to 25 workers.

Small businesses are typically less able to provide health coverage for their workers than larger businesses because of the cost. That will change with the new law.

The law also allows employers to count two half-time workers as one full-time worker, meaning that an employer with mainly part-time workers will be able to qualify for the tax credit.

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