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Take credit for your health benefit contributions

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in Office Management,Payroll Management

If you’re shopping around for group health benefits on the SHOP, don’t forget to factor in the value of the small business health care credit when evaluating the cost of a group policy.

Reminder: The 50% credit (35% for non-profits) is available to small employers that make nonelective contributions equal to at least 50% of the cost of premiums for self-only coverage. To help you get started, point your browser to the Taxpayer Advocate Service.

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