Americans with Disabilities Act (ADA) and Taxes
Small businesses with 30 or fewer employees or total revenues of $1 million or less can use the Disabled Access Credit (Internal Revenue Code, Section 44). Eligible small businesses may take a credit of up to $5,000 (half of eligible expenses up to $10,250, with no credit for the first $250) to offset their costs for access, including barrier removal from their facilities (e.g., widening a doorway, installing a ramp), provision of accessibility services (e.g., sign language interpreters), provision of printed material in alternate formats (e.g., large-print, audio, Braille), and provision or modification of equipment.
For more detailed information, refer to http://www.ada.gov/taxincent.htm
Use Tax Form 8826 to Claim your ADA Tax Credit http://www.irs.gov/app/picklist/list/formsInstructions
Facilities should consult their professional tax advisor to verify eligibility.
What expenditures are eligible? 1) Costs relating to the removal of architectural, communication, physical or transportation barriers that prevent a business from being accessible to, or usable by, disabled individuals. NOTE: Costs incurred during new construction do not qualify. 2) To provide qualified interpreters or other effective methods of making aurally delivered materials available to hearing impaired individuals. 3) To provide qualified readers, taped texts, and other effective methods of making visually delivered materials available to visually impaired individuals. 4) To acquire or modify equipment or devices for disabled individuals. 5) To provide other similar services, modifications, materials, or equipment. First Degree Fitness does not give tax advice. To get the best information on the ADA tax credit and what qualifies, consult your professional tax advisor or tax accountant. Tax laws change from year to year and a tax professional will have the most current information.
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