Tax Benefits For People With Disability : The Inside Story

Irrespective of its nature, a disability

Irrespective of its nature, a disability. makes life difficult for the person suffering from it as well as for those who are around him. Be it in its mental or physical form, one thing is for certain, there is going to be a tremendous amount of stress for the person as well as family and friends even after the treatment has started, and in many case, it would even be more prior to the diagnosis. Further, there are also expenses of the treatments and medicines. All in all, a disability. isn't only taxing in terms of strength and efforts, but also in financial aspects.

However, all is not lost, for there are numerous tax benefits for those who are suffering from a disability. Coming to the eligibility criteria part, there is no concrete answer, since this depends from individual to individual. There are mainly three conditions that need to be fulfilled for person to claim tax credits.

First, the person should have a rather strong impediment either physically or mentally. Further, this disability must have continued for a year at least, and continuously at that. Next, a qualified medical practitioner must confirm that the patient is suffering from a prominent disease by producing a Disability. Tax Credit Certificate. This certificate must also mention the impact of the problem in the patient's daily life.

Now, this is for those who have a taxable income, but what about those who don't? Certainly, their near and dear ones have to bear the brunt of expensive hospital bills. And this is precisely why there is also a provision to pass on these benefits to a common-law parter, supporting person, or even spouse.

So as you can see, there is no reason for you to be disappointed due to a disability, since now there is a way in which you can also lead a life of pride without any monetary issues.

by: Tim Beyers

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