by Mark Jones
If you have read any of my past blog posts, you have seen me write about taking advantage of a provision in the new Affordable Care Act passed last year. Ministries who qualify have until May 15 to apply to claim the credit of up to 25% of health care premiums paid for your employees. While there is always the “small print” that you need to read and understand, I really want to encourage all our readers to take advantage of this credit.
I also recently found a good video with attorney Richard Hammar that provides an overview of this credit. In addition, Richard will be joining Dan Busby and ECFA to present a webinar covering key health reform issues on May 4.
While it is always good for us to be a little skeptical when we see “free“ or “money back”, in this case, I really encourage you to take the time to see if this credit is something your ministry may qualify for. It may end up being well worth your time.
See the IRS for the applicable forms and information to claim this credit.