tailieunhanh - Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148)

Other discussions may not be confidential. Information provided in discussions with government-based professionals may be relayed to other people and may not remain private. If a person is employed by a government agency (such as a victim specialist in a law enforcement agency, prosecutors, a victim/witness coordinator in a prosecutor’s office, or a court clerk), your communications with them will not be confidential. Before disclosing any information, if you are uncertain whether communications will remain confidential, feel free to ask professionals with whom you are speaking whether your communications are confidential and whether they will diligently protect your information from disclosure | Congressional Research Service--------- Summary of Small Business Health Insurance Tax Credit Under PPACA . 111-148 Congressional Research Service 7-5700 R41158 CRS Report for Congress--------------------------------------------------------------- Preparedfor Members and Committees of Congress April 5 2010 Chris L. Peterson Specialist in Health Care Financing Hinda Chaikind Specialist in Health Care Financing C11173008 Summary of Small Business Health Insurance Tax Credit Under PPACA . 111-148 This report provides a description of the small business tax credit and illustrations of the phase-out for qualifying employers contributions toward their workers health insurance premiums based on 1421 and 10105 e of the Patient Protection and Affordable Care Act PPACA . 111-148 . This credit is available to for-profit and nonprofit employers with fewer than 25 full-time equivalent employees with average annual wages of less than 50 000. Type of Credit Under PPACA certain small employers will be eligible for a tax credit provided they contribute a uniform percentage of at least 50 toward their employees health insurance. For nonprofit tax-exempt organizations the credit will be in the form of a reduction in income and Medicare tax the employer is required to withhold from employees wages and the employer share of Medicare tax on employees wages with the credit thus limited by these amounts . For all other qualifying employers it will be in the form of a general business credit. This type of credit is not refundable but is limited by the for-profit employer s actual tax liability. In other words if a for-profit company had a year in which it ended up paying no taxes . it had no taxable income after accounting for all its other deductions and credits then the small business tax credit could not be used for that year there would be no income tax for this credit to reduce. However as a general business credit an unused credit amount can generally be .

TỪ KHÓA LIÊN QUAN
crossorigin="anonymous">
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.