6 Special Needs Tax Deductions for Families
Tax season is here, and special needs tax deductions make a difference for families when every penny counts. That’s why Different Dream is passing along special needs tax deductions tips recently posted at the Military One Source website. Many of them are plain old common sense, but common sense can be easy to overlook when chasing down receipts and pay stubs. Some of them highlight some surprising deductions that you may not know exist. See what you think!
6 Special Needs Tax Deductions
- Claim all eligible dependents
- Explore adoption credit
- Recoup child and dependent care expenses
- Check Out the Earned Income Tax Credit
- Ditto for Credits for the Elderly or the Disabled
- Claim medical and dental expenses when possible
Where to Find More Information about Special Needs Tax Deductions
Each of the 6 deductions is explained in full at Military One Source. The article explains age restrictions, what family members are and aren’t eligible, the percentages of expenses that can be deducted, and more. The original post even has links to specific IRS publications that explain each of the 6 special needs tax deductions. Of course, you should ask your accountant to investigate all the possible deductions to be sure they apply to your situation.
What Special Needs Tax Deductions Do You Use?
Has your accountant successfully applied any of the deductions in this article? Do you have tips about how to make them work? Are there other special needs tax deductions you can recommend? You can tell all about them in the comment box. Thanks!
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By Jolene
Jolene Philo is the author of the Different Dream series for parents of kids with special needs. She speaks at parenting and special needs conferences around the country. She’s also the creator and host of the Different Dream website. Sharing Love Abundantly With Special Needs Families: The 5 Love Languages® for Parents Raising Children with Disabilities, which she co-authored with Dr. Gary Chapman, was released in August of 2019 and is available at local bookstores, their bookstore website, and at Amazon.
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Thank you for posting this! I only knew about the EIC and the child tax credit. Definitely a great resource. 🙂
Thank you for posting this! I only knew about the EIC and the child tax credit. Definitely a great resource. 🙂
Mileage credit to and from doctor’s and therapy appointments.
Mileage credit to and from doctor’s and therapy appointments.