Disability Credits Killer Explanations For Your Taxes
Disability Credits – Eligible Expenditures
This tax credit allows employers to deduct the eligible expenditures related to business access costs for Americans with disabilities.
Disability Credits For 50% Of Qualifying Expenditures
The disability credits covers 50% of qualifying expenditures, including:
- Provisions for readers for customers and employees with disabilities.
- Provision for access to the Internet for those with disabilities.
- Purchase of adaptive equipment.
- Removal of architectural barriers in facilities and vehicles (the changes must comply with applicable accessibility standards), etc.
The maximum annual disability credits allowed is $5,000. This credit is intended to cover costs only for adapting existing facilities. The new construction expenditures are not covered by the disability credits.