Health Insurance for Uninsured Montanans Credit

Health Insurance for Uninsured Montanans Credit
If you own a business and you pay your employees health insurance premiums you can claim a credit against your income tax liability for these premiums paid for your employees. Your credit is a percentage of the premium payments that you made throughout the year for a maximum credit of up to $3,000 per year.

In order to qualify for this credit, as an employer you should meet the following criteria:

You have been in business in Montana for at least 12 months; and
You employ 20 or fewer employees who work at least 20 hours a week; and
You pay at least 50% of each of your employee's health insurance premiums.

Your credit is limited to a maximum of 10 employees and should include small employer group health insurance under the Small Employer Health Insurance Availability Act.

For further instructions on the health insurance for uninsured Montanan's credit, and to calculate this credit, see Montana Form HI.

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