MFOFC News

February 1, 2007

Tax Information for Families of Children and Youth with Special Needs

Source: Arc of Illinois Family to Family Health Information and Education Center.

Income Tax Deductions for Medical and Disability-related Expenses October 2006 Internal Revenue Service publications (www.irs.gov)

Tax Highlights for Persons with Disabilities http://www.irs.gov/pub/irs-pdf/p907.pdf

Credit for the Elderly or Disabled http://www.irs.gov/pub/irs-pdf/p524.pdf

Medical and Dental Expenses http://www.irs.gov/pub/irs-pdf/p502.pdf

Taxpayers with disabilities (includes information for parents) http://www.irs. gov/pub/irs-pdf/p3966.pdf

Tax Rules for Children and Dependents http://www.irs. gov/pub/irs-pdf/p929.pdf

Don't forget to check and see if you are eligible for the Earned Income Tax Credit (EITC). Remember that if you meet the income guidelines for the EITC and have a child who is "permanently and totally disabled" (IRS designation), there is no upper age limit for the child to be your eligible dependent.

The link to the IRS site for more information is: http://apps.irs.gov/app/eitc2006/SetLanguage.do?lang=en> irs.gov/app/eitc2006/SetLanguage.do?lang=en=

For general or other questions, contact the IRS your own tax advisor.

Schwab Learning Systems: Year 2006 Tax Benefits for Parents of Children with Learning Disabilities

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