IRS reaches out to small businesses, tax-exempt groups on health care law’s tax credits

IRS promoting tax credits in new health care law

WASHINGTON — The government is reaching out to more than 4 million small businesses and tax-exempt groups to make sure they know about a new tax credit offered as part of the nation’s health care law.

The Internal Revenue Service on Monday began mailing postcards to get the word out.

The tax credit takes effect this year, and White House press secretary Robert Gibbs said it is intended to help smaller businesses and tax-exempt organizations that mainly employ lower- and moderate income workers.

The goal is to help those employers start offering health insurance coverage or better afford the coverage they already provide.

Employers with fewer than 25 employees and less than $50,000 in average wages may be eligible.