IRS notifying small businesses about healthcare tax credit

The Internal Revenue Service has started mailing postcards to four million small businesses letting them know about an up to a 35 percent tax credit on insurance premiums under the new healthcare law. 

Between 2010 and 2013, businesses can claim a maximum 35 percent credit of premiums paid by eligible small businesses and 25 percent of premiums paid by tax-exempt organizations. The maximum credit goes to the smallest employers, those with 10 or fewer full-time equivalent employees paying average wages of $25,000 or less, according to the IRS.  

"We want to make sure small employers across the nation realized that -- effective this tax year -- they may be eligible for a valuable new tax credit," said IRS Commissioner Doug Shulman in a release. "We urge every small employer to take advantage of this credit if they qualify."