Maximum (State Group) Rates for Small Business Health Care Credit

Earlier this year a new law went into affect that includes a health care credit for small business owners. The law allows employers to receive a credit of up to 35% of health care premiums paid for non-owners and family members. However, if the group health insurance premium is more than a predetermined amount employers must use the lower figure to calculate the credit. These predetermined amounts are established each year on a state-by-state basis.

Revenue Ruling 2010-13 lays out the maximum premium to be used in 2010 for calculating the credit. The table below is excerpted from the revenue ruling.

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