WebAug 6, 2024 · Your business may qualify for a tax credit. If you have fewer than 25 FTEs and buy employee insurance through the SHOP, you may qualify for the “small business health care tax credit.”. If your business qualifies, the credit could cover up to 50% of your contribution toward your employees' insurance -- 35% for nonprofits. WebThe Small Business Health Care Tax Credit benefits employers that: Have fewer than 25 full-time equivalent employees. Pay average wages of less than $56,000 a year for the …

Small Business Health Insurance in New York

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