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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8941
for the current year.
IRS Form 8941 Credit for Small Employer Health Insurance Premiums
What Is IRS Form 8941?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8941?
A: IRS Form 8941 is a form used to claim the Credit for Small Employer Health Insurance Premiums.
Q: Who is eligible to use IRS Form 8941?
A: Small employers who provide health insurance to their employees may be eligible to use IRS Form 8941.
Q: What is the purpose of IRS Form 8941?
A: The purpose of IRS Form 8941 is to calculate and claim the tax credit for small employer health insurance premiums.
Q: How do I fill out IRS Form 8941?
A: You can fill out IRS Form 8941 by providing information about the number of full-time equivalent employees, the total premiums paid, and certain other calculations.
Q: What is the credit for small employer health insurance premiums?
A: The credit for small employer health insurance premiums is a tax credit that small employers can claim to help offset the cost of providing health insurance to their employees.
Q: What is a small employer for the purposes of this credit?
A: A small employer is generally an employer with fewer than 25 full-time equivalent employees.
Q: What is the maximum credit that can be claimed?
A: The maximum credit that can be claimed is generally 50% of the premiums paid by the small employer.
Q: Are there any restrictions on the credit?
A: Yes, there are certain restrictions on the credit, such as limits on the average annual wages of the employees and the types of health insurance plans that qualify.
Q: Is there a deadline for filing IRS Form 8941?
A: Yes, IRS Form 8941 must generally be filed with the employer's annual tax return.
Q: Can I claim the credit for multiple years?
A: Yes, the credit can generally be claimed for multiple years, as long as the small employer continues to meet the eligibility requirements.
Form Details:
- A 1-page form available for download in PDF;
- This form cannot be used to file taxes for the current year. Choose a more recent version to file for the current tax year;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8941 through the link below or browse more documents in our library of IRS Forms.
