On April 27, the Internal Revenue Service (IRS) on providing relief for certain small businesses that wish to claim the for 2017 and later years.

According to the , the Small Business Health Care Tax Credit provides a maximum credit of up to 50 percent of premiums paid for small business employers and 35 percent of premiums paid for small tax-exempt employers. The credit is available to eligible employers for two consecutive taxable years.

Generally, in order to claim the credit, small employers must enroll in a Small Business Health Options Program plan, according to . Additionally, qualified employers must employ fewer than 25 full-time equivalent employees, pay an average wage of less than $51,600 a year and pay at least half of employee health insurance premium costs.

In recognition of 2018 National Small Business Week from April 29 to May 5, the IRS has also hosted that are designed to help small business owners and self-employed individuals handle various common tax situations, including common tax deductions, IRS payment options and information on the .

Small business owners can find more information on the or the on the IRS website.