Nonprofits nationwide might look forward to an increase in the refunds they receive for insurance premiums paid to employees’ health insurance when the Affordable Care Act rolls out the last phase of its legislation in January.
Federal legislation in 2010 included a provision that gives small employers, including nonprofits, the right to receive a Small Business Health Care Tax Credit that acts as a refund on quarterly payments nonprofits make to the IRS for income tax withholdings or Medicare withholdings from employee wages.
(Continue reading April Burkhart at onlineathens.com here)
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