Millions of small businesses will qualify for a tax credit, courtesy of the nation’s new health-care policy.
The credit covers up to 35 percent of an employer’s cost, as long as the company doesn’t have more than 24 employees and doesn’t pay an average salary of more than $50,000.
Check your mail.
If a business is eligible, it should receive a postcard outlining some of the details.
Government officials estimated earlier this week that as many as 4 million businesses could be eligible, according to the Washington Post.
Not every eligible business will able to cash in right away. Those not currently offering insurance will become eligible when they extend coverage benefits to employees.
Know a small business we should write about? Contact Herald writer Amy Rolph at arolph@heraldnet.com.
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