Tax Strategies for Parents of Kids with Special Needs


	Tax Strategies for Parents of Kids with Special Needs

TaxBrain

1-21-2009 6:31 PM

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TaxBrain says:

Very useful tax information.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9412587a-be69-45cd-9595-d50f6a95f12c/61FB8DEC-A03D-49E5-A37B-EE783FC63619/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm" href="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm" style="font-size: 11px;">www.talkaboutcuringautism.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm"><P>Medical Expense Deductions</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm"><P>Many parents don't realize that Learning Disabilities are considered a medical condition, as are other disabilities such as autism, cerebral palsy, ADHD, etc. [Rev. ruling 78-340, 1978-2 C.C. 124]</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm"><P>Medical expenses are limited by 7.5% of Adjusted Gross Income, but some of the following out-of-pocket costs may cause you to exceed that limitation. Costs that can be deducted include:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm"><li style="margin-left:16px;padding-left: 0px;">Special Schooling including tuition or tutoring by someone especially trained to meet the child's needs. The purpose and primarily reason for the choice of school must be to alleviate or remediate the disability.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm"><li style="margin-left:16px;padding-left: 0px;">Special instruction, training or therapy such as OT, Speech, remedial reading, etc.</LI></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.talkaboutcuringautism.org/resources/tax-strategies/tax-strategies-for-parents-of-special-needs-children.htm"><li style="margin-left:16px;padding-left: 0px;">Transportation: Mileage to and from special schools or therapy sessions at the medical mileage rate of 20 cents per mile. Also parking fees. Airfare for parents and child to obtain treatment or testing.</LI></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/61FB8DEC-A03D-49E5-A37B-EE783FC63619/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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