Follow the link to
your question????
What is it?
Who is
eligible?
What is the amount?
What expenses are
covered?
What expenses are not covered?
May I use the
tax credit and tax deduction together?
Are there limits
on annual usage?
How can this credit be deducted?
Where can I obtain additional information?
What is
it? Small businesses may take an
annual tax credit for making their businesses accessible to
persons with disabilities.
Who is eligible?
Small businesses that in the previous year earned a maximum
of $1 million in revenue or had 30 or fewer full-time
employees are eligible.
What is the amount?
The credit is 50% of expenditures
over $250, not to exceed $10,250, for a maximum benefit of
$5,000. The credit amount is subtracted from the total tax
liability after calculating taxes. Back
to the top.
What expenses are covered?
The credit is available
every year and can be used for a variety of costs such as:
-
sign language interpreters for
employees or customers who are hard of
hearing;
-
readers for employees or
customers who have visual impairments;
-
the purchase of adaptive
equipment or the modification of equipment;
-
the production of print materials
in alternate formats (e.g., Braille, audio tape, large
print);
-
the removal of architectural
barriers in buildings or vehicles.
What expenses are not covered?
The tax credit does not apply
to the costs of new construction, and a building being
modified must have been placed in service before November 5,
1990.
May I use the tax credit and tax
deduction together? Small businesses may use the credit
and deduction together, if the expenses incurred qualify
under both Sections 44 and 190. For example, if a business
spent $12,000 for access adaptations, it would qualify for a
$5,000 tax credit and a $7,000 tax deduction.
Are there limits on annual usage?
Although both the tax credit and deduction may be used
annually, if a business spends more than may be claimed in
one year, it cannot carry over those expenses and claim a
tax benefit in the next year.
Back to
the top.
How can this credit be deducted?
Businesses can claim this credit
on IRS
Form 8826.
Where can I obtain additional information?
Office
of Chief Counsel, IRS
1111Constitution Avenue, NW
Washington, DC 20224
(202)622-3110
