Small Business Health Care Tax Credit Calculator

(For illustrative purposes - please consult your tax advisor)

	For Profit Business? Tax Exempt Business?
	Total Annual Wage Hours:
	DO NOT count more than 2080 hours for any employee, Hours attributable to a sole proprietor, a partner in a partnership, a shareholder owning more than 2% of an S corporation and any owner of more than 5% of other business should not be included.
	Total Annual Wages Paid:
	Total Wages Paid during the tax year as defined for FICA purposes (without regard to the wage base limitation)
	Total Annual Eligible Premiums:
	Enter the amount your company contributed toward medical premium. EXCLUDE those amounts attributable to a sole proprietor, a partner in a partnership, a shareholder owning more than 2% of an S corporation and any owner of more than 5% of other business. You MUST contribute AT LEAST 50% toward the employee only premium.
	Tax Credit Amount