Taxes

Small Entrepreneurs Are Qualified for Small Business Health Care Tax Credit

For tax years 2010 through 2013, the maximum credit is 35 percent for small entrepreneurs and 25 percent for small tax-exempt entrepreneurs like charities. An improved version of the credit will be effective starting Jan. 1, 2014. Additional information about the improved version will be added to IRS.gov once it becomes accessible. In general, on Jan. 1, 2014, the rate will grow to 50 percent and 35 percent, appropriately.