Some Small Employers Get Break on Health Coverage Tax Credit

Small employers may still be able to claim a health insurance tax credit if the absence of an Obamacare small-business marketplace in their area meant they couldn’t meet requirements to get the break.

Businesses that were located in counties where health coverage through the Small-Business Health Options program wasn’t available in 2016 and 2017 can now qualify for the tax credit if they meet certain conditions, the IRS said April 27.

The tax code allows small employers—defined as those with fewer than 50 employees—that provide health insurance coverage to their employees through SHOP exchanges to qualify for a tax credit. ...