Friday, April 15, 2016
The deadline for income tax returns is usually April 15, but this year, it is April 18. There are ways people with disabilities can save money on their taxes. First of all, they should be aware of how Social Security Disability Insurance (SSDI) and other benefits are taxed. The tax credits for which some people are eligible are the earned income tax credit (EITC), credit for the disabled, and dependent care credit. They may also be entitled to an increased standard tax deduction, medical deductions, and the deduction of costs of seeking SSDI. For more information on these tax breaks, go to http://www.disabled-world.com/disability/legal/tax/tax-deductions.php.