There are some great tax incentives available for employers who hire employees with
disabilities, or just want to make their business more accessible to customers. Here
are the three most commonly used:
The amount of tax credit is equal to 50% of the eligible expenditures in a year,
over $250 and up to a maximum expenditure of $10,250. (There is no credit for the
first $250 of expenditures, therefore, the maximum tax credit is $5,000.) This can
be used for removing architectural barriers in existing facilities, equipment acquisitions,
and auxiliary aids and services.
Maximum deduction of $15,000 per year. Deduction can be used for removing barriers
in existing facilities or transportation vehicles. Examples of allowable expenditures
include widening doors, installing ramps, modifying vehicles, etc., and barrier removal
activities must comply with applicable accessibility standards.
An opportunity for employers. Provides a tax credit for thoses who hire certain targeted low-income groups.
Tax credit of up to 40% of the first $6,000, or up to $2,400, in wages paid during the first 12 months for each new hire.