With the deadline for filing income tax returns is two weeks away, now’s the time to see if you’ve taken advantage of the tax benefits available to people with special needs and their care givers.
Seven Specific Special Needs Tax Breaks
In a recent Wrightslaw article, seven specific special needs benefits were summarized for:
- Those who are legally blind.
- Disability payments excluded from a person’s gross income.
- Impairment-related work expenses.
- Tax credits for the elderly or disabled.
- Itemized medical expenses.
- Earned income tax credits.
- Child or dependent care credits.
Head Over to Wrightslaw for More Special Needs Tax Breaks
For more details about the tax breaks, links to forms and tax tips, YouTube videos about how to file, and contact information for the IRS, head on over to www.Wrightslaw.com. If the link doesn’t take you straight to the article, type “Tax Benefits for Taxpayers with Disabilities and Parents of Children with Disabilities” in the search box to access it.
Your Best Special Needs Tax Breaks
If you or your accountant has unearthed beneficial federal tax information, please leave a comment. If the information is specific to your state, please mention that, too. No need to get our hopes up for something that doesn’t apply to everyone.
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