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{"id":14206,"date":"2015-02-13T15:36:58","date_gmt":"2015-02-13T15:36:58","guid":{"rendered":"http:\/\/www.seonewswire.net\/2015\/02\/tax-deductions-credits-for-special-needs-families\/"},"modified":"2015-02-13T15:36:58","modified_gmt":"2015-02-13T15:36:58","slug":"tax-deductions-credits-for-special-needs-families","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2015\/02\/tax-deductions-credits-for-special-needs-families\/","title":{"rendered":"Tax Deductions & Credits for Special Needs Families"},"content":{"rendered":"
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By Amy C. O\u2019Hara, Esq.,\u00a0 Littman Krooks LLP<\/strong><\/p>\n

Parents of children with special needs often have unique financial concerns, and one way to ease those concerns is to reduce their tax burden.<\/p>\n

There are many tax deductions and credits available that parents may not be aware of. Parents of children with special needs should familiarize themselves with the deductions and credits and take care to document all expenses related to their children\u2019s medical expenses, development and therapy.<\/p>\n

Here are 5 useful tax\u00a0deductions and credits for parents of children with special needs:<\/p>\n

1. Medical & Therapy Expenses<\/strong><\/h3>\n

The first type of deduction to consider is for medical and therapy expenses. For income tax purposes, learning disabilities are a type of medical condition. This may include autism, ADHD, cerebral palsy, and other learning disabilities.<\/p>\n

While these expenses are limited by 10 percent of adjusted gross income, the limitation may be exceeded by certain types of out-of-pocket expenses.<\/p>\n

Such expenses can (more…)<\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Amy C. O\u2019Hara, Esq.,\u00a0 Littman Krooks LLP Parents of children with special needs often have unique financial concerns, and one way to ease those concerns is to reduce their tax burden. There are many tax deductions and credits available…<\/span><\/p>\n