Tax Strategies for Parents of Kids with Special Needs


Schwab Learning estimates that 15-30 percent of families with a special needs child have one or more unclaimed tax benefits. Are you one of these families???

April 15th - Tax Day

April 15th - Tax Day

From Talk About Curing Autism and Regina M. Levy, CPA.

Medical Expense Deductions
Many parents don’t realize that Learning Disabilities are considered a medical condition, as are other disabilities such as autism, cerebral palsy, ADHD, etc. [Rev. ruling 78-340, 1978-2 C.C. 124]
Medical expenses are limited by 7.5% of Adjusted Gross Income, but some of the following out-of-pocket costs may cause you to exceed that limitation.

To read the list of tax deductions available to families of children with disabilities, click here.

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2 Comments

  1. Posted March 25, 2009 at 1:36 pm | Permalink

    This is a very useful resource for parents who are overwhelmed by tax season and maintaining their budget in these tough times.

  2. Posted April 24, 2009 at 5:16 pm | Permalink

    I agree. Tax season can be tough enough without the complexities of the economy and parenting a child with a disability. Thank you for your comment.

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