IRS Issues ACA Tax Credit Guidance For Small-Biz Owners

Law360, New York (December 17, 2013, 5:56 PM EST) -- Small-business owners in some Washington and Wisconsin counties will still be eligible for a health insurance tax credit even though their counties don’t offer employee health plans in their Affordable Care Act exchanges, says guidance issued Tuesday by the Internal Revenue Service. 

The Internal Revenue Code provides a tax credit to small-business owners who offer qualified health plans through the ACA’s Small Business Health Options Program Exchange, but some SHOP exchanges in Washington and Wisconsin won’t offer qualified health plans in 2014. In response, the IRS...
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