Saturday, February 19, 2011

Health Care Credit for Small Nonprofits

Reminder! For small organizations--if you have fewer than 25 employees (full time equivalents) and an average payroll of $50,000 or less per employee--and pay for at least 50% of your employees health care, you may be eligible for the health care tax credit. You will apply for a refund of this credit on form 990-T (even if you don't normally file this form). Contact me or see the link at the IRS website for more information.