How Much Tax Credit Are You Eligible For?

The new health care reform law provides certain tax benefits for qualifying small businesses.

These are Businesses:
 

With less than 25 full time equivalent (FTE) employees,

 

With average salaries of less than $50,000 per employee, and

 

With employer contributions to health insurance premiums of at least half the cost of single coverage for their employees.

My Benefit Advisor does not provide legal or tax advice. This tool is preliminary in nature and is designed to help estimate the maximum amount of credit available to employers who believe they qualify for the tax credit. It provides an estimate only for the maximum amount of credit, if any; the actual amount may vary depending on the particular circumstances. Employers who think they qualify for the tax credit should consult with a legal and/or tax professional.

Company Details

These calculations do not apply to tax-exempt employers, who are subject to special rules. Please consult your MBA Account Manager for additional information.


Number of eligible FTE employees:

 

W2 Wages for all employees:

 

Did you contribute more than 50% towards the costs of your employees' health insurance:

 
 
Premium Details

Total Premium:

 

Amount you paid toward the Premium:

 
 
Key

Means that you do not meet the IRS requirements to receive a credit.

 

Means that you do meet the IRS requirements to receive a credit.