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Information about Form 8941, Credit for Small Employer Health Insurance Premiums, including recent updates, related forms, and instructions on how to file. Form 8941 is used by eligible small employers to figure the credit for small employer health insurance premiums for tax years after 2009.
Eligible small employers (defined later) use Form 8941 to figure the credit for small employer health insurance premiums for tax years beginning after 2009. For tax years beginning after 2013, the credit is only available for a 2-consecutive-tax-year credit period.
Does a tax return you (or any predecessor) filed for a tax year beginning after 2013 and before 2022 include a Form 8941 with line A checked “Yes” and line 12 showing a positive amount? See instructions.
Small business owners who subsidize the cost of employee health insurance premiums may be able to get some of that money back by claiming the credit for small employer health insurance premiums on their taxes.
The small-business health care tax credit can be claimed using Form 8941. The form is then attached to your business tax return and will reduce any tax that is owed.
What is Form 8941? IRS Form 8941 is used to claim the Small Employer Health Insurance Credit. It's the tax form that must be completed and attached to your tax return to calculate and claim the credit.
Small businesses use tax form 8941 in order to claim a tax credit for the health insurance premiums they pay for their employees. To qualify, the business must have fewer than 25 employees with average annual wages not in excess of $55,000k.
Form 8941, Credit for Small Employer Health Insurance Premiums, allows eligible small businesses and tax-exempt organizations to claim a tax credit for employee health insurance coverage premiums. This credit is part of the Affordable Care Act (ACA).
What Is Form 8941? IRS Form 8941 is used by eligible small business owners or employers to calculate the credits for which they may be eligible based on their healthcare expenses.
Eligible small employers can use Form 8941 to figure the credit for small employer health insurance premiums for tax years beginning after 2009. The maximum credit is based on a percentage of premiums that the employer paid during the tax year for certain insurance coverage.