Play or pay: Employer Responsibility under the Affordable Care Act
Business Tax Penalty Guide
Your Result: You do not have to pay a tax penalty.
Because you have 50 employees, and you do not offer health insurance to your employees, as long as none of your employees receive a premium tax credit, you are not required to pay a tax penalty at this time.
However, you should make sure that your employees are not receiving tax credits. The IRS will cross check your stated results with your employees social security numbers. If any one received a tax credit you will be subject to the penalty of at least $2,000 per employee per year (minus the first 30 employees). If you want to shop for coverage to avoid this penalty you can begin that process by clicking the button below.
However, you should make sure that your employees are not receiving tax credits. The IRS will cross check your stated results with your employees social security numbers. If any one received a tax credit you will be subject to the penalty of at least $2,000 per employee per year (minus the first 30 employees). If you want to shop for coverage to avoid this penalty you can begin that process by clicking the button below.
