Tax Tips For the Disabled

Disabled taxpayers might qualify for many tax credits and benefits. The parents of disabled children might also qualify for some of the following tax breaks.

If you are legally blind and file the Standard Deduction, you might be qualified for a larger deduction.

Veterans Administration Disability benefits and Social Security Income are excluded from your gross income.

If you have Related Work Expenses associated with your employment because of disability, you might be able to claim business expenses associated with your workplace. These expenses must be undertaken in order for you to be able to perform your job function.

Credit for the Elderly or Disabled is generally available to taxpayers who are sixty-five and older, and also to particular disabled taxpayers who are younger than sixty-five years of age, but who are retired on permanent and total disability.

In case you itemize your write offs using Irs form 1040 Schedule A, you may be able to deduct medical and dental care costs.

The Earned Tax Credit is offered to disable taxpayers and the families of a disabled child. In case you retired on disability, the taxable disability payments you get under your employers disability pension plan are thought to be earned income until you get to the minimal retirement age.

The EITC is a tax credit, so that it might not only decrease a taxpayers liability, but it could result in a reimbursement. Many individual taxpayers with a disability that have no qualifying kids, but are between the age range of 25 and 65 are entitled to the EITC.

If the taxpayer includes a disabled child, the age restrictions on the EITC are waived.

The EITC does not have any effect on certain public advantages. For example, any reimbursement that you will get because of the EITC wont be considered earnings when tabulating in case you are eligible for benefits like Additional Social Security Income or Medicare.

You might be able to make use of the Child or Dependent Care Tax Credit in case you pay someone to visit your home and take care of your child or spouse that is not able to care for him or herself.

In case you or a person in your household is disabled, be sure to thoroughly investigation any and all tax deductions, credits, or exemptions that could be open to you due to your special situations.

Congress took on the problem of moving these benefits to assist disabled people, make sure to utilize as many that you can.