Are tax credits available for small businesses and nonprofit organizations?
Yes. Certain small businesses and nonprofit organizations are eligible for federal tax credits that will help offset a portion of their cost of offering health insurance to their employees. The tax credit will cover up to 50% of an employer's costs (up to 35% for a non-profit organization). To be eligible, a District employer must:
Have fewer than 25 full-time equivalent employees (FTEs);
Have average employee wages of less than $50,000 a year;
Purchase coverage through DC Health Link; and
Pay at least 50% of the cost of single coverage for each employee.