The tax credit applies to the money the employer spends for health insurance to cover the employees. You, the business owner, do qualify for the credit, even if you are an employee of the business.
But if you operate your business as a proprietorship or if your business is an LLC taxed as a proprietorship, you might find a way to make the credit work for you individually.
Owners of S corporations and C corporations are closed out of the tax credit on their personal coverage.
The Joint Committee on Taxation report on this legislation (the legislative history) notes that self-employed individuals, including partners and sole proprietors; more than 2 percent shareholders of an S ... Log in to view full article.