Income Tax Benefits to Families with Special Needs

The number of individuals with special needs is on the rise. Whether this is due to better recognition and diagnostic tools or an actual escalation in disabilities, the increase is taking its toll on state and local government program budgets. Such shortfalls require parents to cover more of their children's medical and other related expenses. There are some income tax benefits that can help families with these costs, such as credits and deductions related to the dependency exemption, medical expenses, special instruction, capital expenditures for medically required home improvements, impairment-related work expenditures, and the earned income tax credit. The attached article reported in June 2013 in the Journal of Accountancy provides a brief overview of some common available tax benefits, as well as limitations on their use. Families who may qualify for some or all of the tax benefits should consult with their tax professional on reporting requirements. For the full article, click here.

No Comments

Leave a comment
Comment Information

Contact the Law Office of Williams & Associates

For more information about our tax law services, or to discuss your tax matter, call our Sacramento office at (916) 488-8501 or toll free at (800) 684-7147. You may also send us an inquiry via email.

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location:

3600 American River Drive, Suite 135
Sacramento, CA 95864

Toll Free: 800-684-7147
Phone: 916-488-8501
Fax: 916-488-8196
Sacramento Law Office Map