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Small Nonprofit Health Care Credit Update

by Brenda Peluso

If you are a small nonprofit that provides health insurance to your employees, you may be eligible for a refundable tax credit.  We have been reporting on this element of the Affordable Care Act over the past several months and encourage you to read the following postings if you haven’t yet:

The forms that nonprofits need to complete to calculate and claim the credit are posted on the IRS siteForm 8941 is to calculate the credit and that is in final form.  The new 990T is in draft form.  If you would like to comment on the new Form 990T, please send your suggestions along to William.P.Woolf@irs.gov.

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