Suffering from a condition or being disabled can certainly cause limitations and some real financial strain. The good news is that there are government tax breaks to help ease the burden, they just don’t tell you about them!
That’s why you NEED to read this post, print it and put it in your income tax file so every year you can get a bit more Bling – Bling in your piggy bank!
When a person is facing life with disability, the phrase “that is not fair” disappears from their entire book of life phrases that apply to themselves. This is mostly because anyone living with a disability already knows it is not fair, and life will probably never be fair!
Products and devices can make life easier, more fun and even provide better independence for those wishing to use those products and devices. Sometimes (most of the time) those products and devices are expensive, adding additional burdens to an already medically laden budget of the disabled.
Examples of what would be tax deductable to a disabled person are listed below, but they must be items purchased in that same tax year. These are deductable to the extent where it has exceeded 7.5 % of your income. For example, if your income is $24,000 per year, once your medical expenses have exceeded $1,800, you may start deducting the items as medical expenses.
These include:
= Medical insurance
= Drugs (including those to quit smoking, but not over the counter)
= Hospital and physician costs
= Mileage to/from appointments (IRS rate)
= Wheelchairs, walkers, special car controls, crutches
= Special communication (phones) for the deaf, hearing aids, Braille books & guide dogs for the blind
= False teeth, artificial limbs, eyeglasses, vision surgery
= Special schools for mental or physical disabilities, tutoring for a disability, physical therapy
= Meals and lodging for medical treatments, in-home care for an invalid, special in-home equipment
= Home improvements if made under medical orders
If this sounds like something that will help you,then gather up all those receipts and slips of paper and get adding them up!
If you have not yet started to wind your way through the maze of disability, then join us to get FREE!! step-by-step directions on how to BLAST through the Social Security Brick Wall and win your disability income, don’t miss out click here to subscribe now!
Brian
