Tuesday, March 22, 2016

Tips In Claiming Your Disability Tax Credit

By Brenda Nelson


People may cringe to the thought of paying taxes. But as a citizen, you should know that this is very important to the government. It is one of the things that make the state alive.

The money that has been collected through this will be used by the government to carry out their functions. They are mainly use to repair public roads and highways, public transportations and others. The imposition of taxes is of different nature and you need not to worry because there are ways to reduce in paying such, like what they call the disability tax credit.

Payment of taxes comes into various forms, nature and also as to the one paying. This is beneficial for the citizens since it would reduce the burden of paying. There are various ways to reduce your taxes and being disabled is just one of those. To help you in availing for this one, consider some of these tips.

Examine your situation. Since tax is the life blood of the government, it is just right to impose several requisites when one wanted to avail of exemptions and tax credit. When it comes to being disabled, it should be that your situation is something that would restrict you in doing simple tasks at home. It should fall unto the markedly restricted category.

Length of time of your disability. This is one important factor for you to qualify for this tax credit. The length of time that you have been experiencing this condition must be something that is expected to last or have already lasted for 12 months at least. But if such condition is already present since birth, it would then be easier for you to apply because you do not need to submit further medical documents.

Visit your doctor. When filing for this, you would need to seek the aid of your doctor. You would need him to fill up some form for you. This is needed in order to have a proof that you really are disable since it is only them who can determine whether your condition is still curable or not anymore.

Multiple disabilities. The former rules regarding this kind of tax credit was only limited to the impairment where you would really find it hard to see, hear, feel, walk, talk and other severe illness. Now, they have come to a new category and that is having a cumulative effect of illness. Just make sure that this illness accrues from time to time for you to be considered as indeed disable.

Seek experts help. Availing this one of a kind service from your government is a must since it would greatly reduce the amount of your taxable income. If you really have no idea on how to go about this, you could ask some expert in this field who is willing help you. Consult them as to whether your impairment would be enough to be able to qualify. These people could also help you in filing for your papers and other documents.

Submit earlier. Take note that there are a lot of applications filed for every year. And remember that after submitting this, the process would still take a few more months. Therefore, when you are done with all the documents, you better submit it earlier.




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