Tax Tips for the Legally Disabled
Taxpayers with a disability or parents with a child with a disability may qualify for several substantial tax benefits and credits. There are several key tax breaks for the legally disabled, but they are sometimes difficult to find and understand.
We have highlighted some of the most common ways the IRS tries to ease the burden for those living with disabilities:
Tax Credit for the Elderly and Disabled
This tax credit is designed for those who are totally and permanently disabled (or are older than 65 years old). You must receive verification of your disability from a physician that you are unable to work and that your situation is “long term,” meaning that it is expected to last for more than a year. The amount of credit you receive depends on several factors, including how much taxable disability income you have received in that year.
Child and Dependent Care Credit
If you are married and you and your spouse hired someone to take care of one of the two of you because of a disability, then you might be eligible to take advantage of the Child and Dependent Care Credit. The calculation for the credit is made using your income and how much you spent on the care.
Special Tax Deductions
If you need to make changes to your home to make it more accommodating for your disability, you can very likely deduct some of these home improvement expenses. For example, if you need to add railings to a stairway or widen an entry in order to accommodate your disability, these expenses are likely deductible. You will want to note that you have to have a need for these home improvement projects; they cannot be done simply for aesthetic reasons.
Deductions for the Legally Blind
The IRS allows you to deduct costs associated with medical care if you are legally blind. This includes expenses related to prevention, diagnosis, treatment, transportation to and from your medical facility and prescriptions. You can also deduct the cost of a guide dog and all of its related costs (think vet bills, training and food).
If you are disabled and need help completing or submitting your annual tax return, the IRS may also provide you with some assistance. The IRS has several programs that may be able to help you and you can find more information about whether you may qualify by contacting the IRS directly.
Help When You Need It
You may also seek help with your return from a tax firm that specializes in finding deductions for special groups. Since these tax laws can change from year to year, it might be helpful to have your return reviewed by a professional with the most up to date information about tax law, deductions and can be available in the event of an audit. Success Tax Relief has been in the tax business for over 30 years and has a reputation for providing strong and honest advice to each of our customers and have made changes to tax returns to save our customers thousands of dollars over the years. Our customer service team is ready to step in and help if needed. Just call (877) 958-6638 or visit our website.