Archive: Form 8941

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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

NONPROFITS CAN CLAIM TAX CREDIT FOR SMALL BUSINESS HEALTH CARE

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