Tax Breaks for Disabled – 25th Anniversary of ADA
Sunday, July 26th was the 25th anniversary of the Americans With Disabilities Act (ADA), and the Internal Revenue Service is marking the occasion by highlighting a number of tax benefits and services that can help taxpayers with disabilities. ABLE Accounts This new program was passed by Congress in December. Under the law, states can offer […]
Is This Tax Deductible? Medical Expenses
Did you spend a lot of money on your medical care last year? If so, you may be eligible for the medical expense deduction. In total, you must spend more than 10% (7.5% if you are age 65 or older) of your Adjusted Gross Income (AGI) on medical expenses in order to possibly benefit from […]
