Don't Count on Obamacare Small Business Tax Credits, Writes Malia Zimmerman
Think small business owners really are going to get tax credits through Obamacare health exchanges? Think again. writes Watchdog's Malia Zimmerman. Reg Baker, chief operating officer of the Hawaii Medical Assurance Association, a health care insurance company not participating on the local Hawaii Health Connector exchange, told her that the tax credits aren't guaranteed. Small businesses can only qualify to receive the tax credits for two years, there is extensive paperwork to fill out, and they will only benefit if they made enough of a profit to benefit from the tax credit, said Baker, who is also a certified public accountant.