Archive: 990-T

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Small Business Health Care Tax Credit for Tax Exempt Employers

Are you a Tax-Exempt Employer? You may still be eligible for a refundable tax credit!!! Even if you have no taxable income, you may be eligible to receive the credit as a REFUND so long as it does not exceed your income tax withholding and Medicare tax liability. The refundable portion of credit is subject […]
September 22, 2015

How to Get Your ACA Tax Credit When You’re a Tax-Exempt Organization

Under the Affordable Care Act (ACA), a small employer can claim a portion of insurance premiums paid as a tax credit. But what do you do if you are a tax-exempt organization? Don’t worry! You can still claim the credit if your organization is eligible. Eligible tax-exempt organizations can claim up to 35% of premiums paid. […]
February 12, 2015


The IRS announced today that tax exempt organizations qualifying for the credit will use Form 8941 to calculate the small business health care tax credit, and can claim the credit on Form 990T during the 2011 tax season, even if they owe no tax on unrelated business income. The credit is to encourage small businesses […]
September 7, 2010