Federal Incentives
What to do when the Affordable Care Act Impacts Case Settlements:
The Benefits of an Accessibility-Focused Case Evaluation
A White Paper by Michael Fiore
One of the likely unintended consequences of the Affordable Care Act is that Special Need Trusts may be impacted due to settlement criteria that can be based on past, present, and future medical needs.
Teleseminars on Disability, Diversity, and the Changing Workforce. One hour of learning that can change the way that you think.
Tech Update: Read an article about the implications of 32-bit and 64-bit processors for Assistive Technology Solutions.
Looking for qualified candidates with disabilities?
- Earned Income Tax Credit
- COBRA
- Work Opportunity Tax Credit
- Disabled Tax Credit
- Barrier Removal
- Home Modifications
- Impairment and Related Work Expenses
- Medical Expenditures
- Section 508 Information
- Transportation to Work - Toolkit
- Veterans
- Federal Bonding Program
- New Market Tax Credit Program
- Home
A Job Board for job seekers with disabilities and the businesses looking to hire them.
The Earned Income Tax Credit
The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. The Earned Income Tax Credit reduces the amount of tax you owe and may give you a refund.
Earned Income Tax Credit publications, forms, brochures and other related resources.
Some disability retirement benefits qualify as earned income to claim the Earned Income Tax Credit. Also, you may claim a relative of any age as a qualifying child if the relative is totally and permanently disabled and fits all other Earned Income Tax Credit requirements.
COBRA
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked, transition between jobs, death, divorce, and other life events. Qualified individuals may be required to pay the entire premium for coverage up to 102 percent of the cost to the plan.
Work Opportunity Tax Credit (WOTC)
Earn up to a $2,400 tax credit for each new qualified hire.
Disabled Tax Credit
Costs associated with a small business (<30 employees) complying with the ADA can be taken as a tax credit. The formula is 50% of the amount over the first $250 spent up to $5125 per year.
Architectural Transportation Barrier Removal Tax Deduction
Up to $15,000 per year deduction for making its premises more accessible to people with disabilities and the elderly.
Home Modifications
Financial incentives are available for modifying an existing home.
Transportation to Work - A Toolkit for the Business Community
The Transportation-to-Work Toolkit for the Business Community gives businesses the information they need now to assist their employees in realizing a timely, cost-efficient commute that promotes productivity at your business site and employee satisfaction.
Transportation for Workers with Disabilities Fact Sheet – PDF.
Impairment and Related Work Expenses
If you have a physical or mental disability that limits your ability to function as an employee, you may be able to deduct some of your work expenses related to your impairment.
Impairment and Related Work Expenses
Medical Expenditures
In addition to some home modifications you may be able to deduct the cost of certain educational services and equipment as medical expenses as long as these expenses are made to alleviate your physical or mental condition.
Section 508 Information
Tax Incentives to improve access and make your small business
Veterans
Services and Programs for Vets with Disabilities
Federal Bonding Program
In 1966, the U.S. Department of Labor established The Federal Bonding Program to provide Fidelity Bonds that guarantee honesty for “at-risk”, hard-to-place job seekers. The bonds cover the first six months of employment. There is no cost to the job applicant or the employer. In most states, the bonds are made available through the state agency responsible for workforce matters.
New Markets Tax Credit
Historically, low-income communities experience a lack of investment, as evidenced by vacant commercial properties, outdated manufacturing facilities, and inadequate access to education and healthcare service providers. The New Market Tax Credit Program aims to break this cycle of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies.
The New Market Tax Credit Program attracts private capital into low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax in exchange for making equity investments in specialized financial intermediaries called Community Development Entities . The credit totals 39 percent of the original investment amount and is claimed over a period of seven years.
New Market Tax Credit Program Fact Sheet PDF
