Some Small Businesses May Benefit From Health Credits On 2010 Taxes

Most of the health care reforms Obama signed into law last month won't take effect for another four years. But some small businesses can look forward to some relief in 2010.

The Internal Revenue Service is notifing small-business owners of a tax credit for health insurance premiums that is included in the health care law and applicable to the 2010 tax year. To qualify, a business must employ fewer than 25 full-time workers at less than $50,000 per year and pay for at least 50% of the cost of their health insurance premiums. Read More