Tax Credit for the Disabled

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If you are disabled you may want to go the extra mile to ensure that you are getting all the benefits and credits that you are eligible for. By doing so, you will be able to boost your income and keep more money in your pocket when it comes time to do the taxes. There are ways for those who are disabled to save money when it comes to tax time, including by getting a tax credit.

According to the Internal Revenue Service, those who receive disability payments may be able to get an earned income tax credit. This will depend on a few factors, including what type of disability payment you receive. The age you were when you started receiving the disability payments is also a factor.

Those who are able to get a tax credit for the disabled are typically going to have lower earnings per year. The tax credit you will receive depends on a few factors, such as whether or not it is for yourself or if you have dependents. Those who are disabled also qualify for a different tax credit amount than those who are not.

What to Know About the Tax Credit for Disabled Persons

If you are disabled there is a good chance you are going to qualify for a tax credit for disabled persons through the Internal Revenue Service. This will help you to keep more of the money that you do get throughout the year. If you receive disability payments from the government it only makes sense that they would not take a big chunk of it back when it’s tax time.

Here are some things to keep in mind about the tax credit:

  • Disabled persons are eligible to receive a tax credit.
  • The tax credit for those who are disabled is a great way to keep you from owing more taxes, and keep more money in your pocket.
  • The tax credit amount will be determined by factors that are unique to you, such as your disability eligibility, and if you have dependents.
  • Those who are disabled will typically receive a higher tax credit than those who are not.

If Your Child is Disabled

If you have a child who is disabled then you may be able to receive a special tax credit. There are some common errors that people make when getting a tax credit for their disabled child. It’s important to note that only one person can claim the tax credit for a disabled child. This means that if there are two parents who are filing taxes separately they both cannot claim the child and get the tax credit for the disabled.

Additionally, in order to qualify for the tax credit for a disabled child there are some requirements that must be met. First, the child must be legally related to you in order for you to claim the tax credit for the disabled. Additionally, the child you are claiming must live in your home for at least half of the tax year. This means that you cannot claim a child tax credit for the disabled if the child lives somewhere other than with you for more than half of the year. The child also cannot file a joint return with another person.

Some of the other factors that are taken into consideration when it comes to parents claiming a tax credit for their disabled child include the child’s age and disability status.  Each of these requirements needs to be met in order to receive the tax credit.

How Much is Tax Credit for Disabled

While the tax credit varies, depending on the factors that were all mentioned above, there is a range that it usually falls in. The typical disabled tax credit is usually between $3,750 and $7,500 for the year. There are some people who are able to get even more, up to $8,400, but again it all depends on the factors of your specific return.

You want to make sure you are receiving all of the tax credit and benefits that you can as a disabled person, or having a child who is disabled. You can ensure you are doing this by reaching out to free tax events, using the Internal Revenue Service’s website, and getting help where you can. Contacting an accountant who does tax preparation may be another route to getting all of your questions answered and saving the most you can on your taxes. Accountants know the best ways to help keep more of your money in your bank account.


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