Small businesses might be eligible for tax credits up to 35% of the cost of the premiums if they have less than 25 employees whose average annual salary is below $50,000. The employer is required to pay more than half of the premium for the employee to qualify. As the number of employees increases and salaries rise, the credits for the employer decreases. Small businesses might be eligible for tax credits up to 35% of the cost of the premiums Small businesses have to provide insurance to their employee’s children…
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