Articles tagged with: learning disabled

Possible Income Tax Benefits for Parents of Dyslexic and ADHD Children

Written by Gregory Fallon, EA, MST on Wednesday, 11 September 2013.

Possible Income Tax Benefits for Parents of Dyslexic and ADHD Children

Many parents with children who are learning disabled fail to take advantage of numerous tax deductions.  The cost of providing learning disabled children with the tools and support they need can be expensive, even with disabilities as common as dyslexia and attention deficit hyperactivity disorder.  Many of these costs, including less obvious expenses such as tuition, tutoring, and special schools, can be deducted as medical expenses, but most taxpayers neglect to do so.  Additionally, starting in 2013, the amount of these expenses combined with other medical expenses must exceed 10% of the taxpayer’s adjusted gross income (1040 line 38) before they can be deducted. Therefore, taxpayers with high incomes may receive no benefit from these medical deductions.