5 Facts about the Small Employer Health Insurance Credit

The IRS posted a health care tax tip (5 Facts about the Small Employer Health Insurance Credit) about the tax credit. Fact: If you qualify for the credit, you can also deduct premiums in excess of the credit. Another Fact: You can claim it only for two consecutive years, so if you took it in 2014 and 2015, you can’t take the credit in 2016, even if you meet all other conditions for the credit.