Tax No Tuesday Episode 32: Health is wealth especially with credits
submitted by wycotax
on 10/23/19
1
Welcome to TaxNoTuesday! 2020 Open Enrollment begins on November 1 and ends December 15. The Affordable Care Act tax credit benefits employers who meet ALL of the following: ● Have fewer than 25 full-time equivalent employees; ● Pay an average wage of less than $51,600 a year; & ● Pay at least half of employee health insurance premiums Generally, small employers are required to purchase a Qualified Health Plan from a Small Business Health Options Program Marketplace to be eligible to claim the credit. For every IRS regulation there are limitations. Thank you for watching. Tune in every Tuesday for more tips! Please Like our Facebook Page: www.facebook.com/wycotax
