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2020 tax write offs12/17/2023 They may also struggle to find and maintain gainful employment or may incur higher rent prices in order to live within walking distance of work.įoley said a higher standard tax deduction is Uncle Sam’s way of acknowledging these costs. Readers, guides, visual aids and public transportation are just some of the expenses people with vision loss face. “There are many hidden costs to having a disability,” said Tom Foley, Executive Director of National Disability Institute (NDI), the only national organization exclusively focused on the financial wellness of people with disabilities. Living with vision impairment isn’t easy - and it isn’t cheap. Vision loss is one of the top 10 disabilities among adults, according to the Centers for Disease Control and Prevention. Why the Blind Receive a Tax Break and Who Qualifies The IRS offers free programs in communities across the country that can help you file your return before the April 15 deadline and claim these tax breaks. If you’re blind and over 65, you can stack these deductions and qualify for both. People ages 65 and older also qualify for a similar tax deduction. $2,600 for married couples filing jointly with two blind spouses.$1,300 for married couples filing jointly or separately with one blind spouse.$1,650 for single or head of household filers.It’s meant to offset some of the extra costs associated with blindness, was established nearly 80 years ago through the Revenue Act of 1943 (page 36).įor the 2020 tax year, the legally blind tax deduction is: The tax deduction for the legally blind is an increase to the standard deduction. If you’re one of the 32 million Americans who experience vision loss, you can reduce the amount you owe the IRS by simply checking a box when filing your tax return this year.
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