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Category: Business Package

Form 8941 - Credit for Small Employer Health Insurance Premiums

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.  For tax-exempt small employers, the credit is generally 25% of premiums paid.  For all other small employers, the credit is generally 35% of premiums paid.  An eligible small employer must meet the following three requirements in order to claim the credit:
  • Paid premiums for employee health insurance coverage under a qualifying arrangement.
  • Had fewer than 25 full-time equivalent employees for the tax year.
  • Paid annual average wages for the tax year of less than $50,000 full-time equivalent employee.

To display instructions for accessing Form 8941 in an S-Corporation Tax Return click here.
To display instructions for accessing Form 8941 in an Partnership Tax Return click here.