Small employers, including tax-exempt organizations, that pay some, or all, of the cost for their employee's health care coverage may able to cut their tax bill substantially by taking advantage of the new health care tax credit. This credit is designed to assist small businesses who offer health coverage to their employees.
In 2010 through 2013, the maximum credit is 35 percent of the employer's eligible premium expenses. Claiming this credit can result in a substantial tax savings.
For example, if you paid $72,000 in health care premiums for your employees and you meet all the requirements for the full amount of the credit, you could claim a credit for $25,200 (35% x $72,000).