If the employer takes the credit in tax year 2014, can they skip 2015 and take the credit again in 2016 or later?

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Home »Frequently Asked Questions »If the employer takes the credit in tax year 2014, can they skip 2015 and take the credit again in 2016 or later?Covered CA

If the employer takes the credit in tax year 2014, can they skip 2015 and take the credit again in 2016 or later?

No, the tax credit must be taken in two-consecutive taxable years. If the employer takes the credit in 2014, and does not take the credit again in 2015, they lose the ability to take the credit again in future years.

There may be a more recent answer to this question. Contact Claremont for an update.