Health Illinois http://www.healthillinois.net Insuring your Health, your Life, and your Income Thu, 02 Jun 2011 21:04:46 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Small Employer Tax Credit http://www.healthillinois.net/2011/04/20/small-employer-tax-credit/ http://www.healthillinois.net/2011/04/20/small-employer-tax-credit/#comments Wed, 20 Apr 2011 14:06:00 +0000 viragogurl http://www.healthillinois.net/?p=27 This new tax credit is for small employers who provide health insurance for their employees.  It is effective for taxable years beginning in 2010. Please check out the following guidelines to see if you might be eligible:

1)  Business must have less than 25 fill-time employees.

2) Average employee wage must be less than $50,000 per year.

3) Employer must pay a percentage of the employees’ premium.

If you meet these basic guidelines, look for more information in IRS Notice 2010-44, and also IRS Notice 2010-82. The credit will be worth as much as 35% of the health insurance premium. Form 8941 will be used to figure the credit.  However, the advise of a tax professional is recommended because the rules are very complicated.  Non-profit organizations are also eligible for this credit.

]]> http://www.healthillinois.net/2011/04/20/small-employer-tax-credit/feed/ 0 Allstate Workplace Division Now Allstate Benefits http://www.healthillinois.net/2011/03/29/hello-world/ http://www.healthillinois.net/2011/03/29/hello-world/#comments Tue, 29 Mar 2011 19:20:26 +0000 BRoebling http://healthillinois.net/?p=1 The Marketing Name Allstate Work Place Division will be changing its name to Allstate Benefits. American Heritage life insurance company will remain their legal underwriting entity and all policy contracts will continue to be issued on AHL paper.

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