Disability Access Credit

As a bankruptcy lawyer I know that the cost of complying with government regulations can place a heavy burden on small businesses. Congress however has enacted certain tax breaks that sometimes will help to defray the cost of compliance. One such measure is the Disability Access Credit, which allows small businesses a credit for costs of complying with the Americans with Disabilities Act. The credit is 50% of the costs of modifying buildings, equipment, materials or services to make the business more accessible to disabled individuals.

The benefit is designed to apply only to small businesses. The credit is for qualified expenditures of between $250.00 and $10,250.00 which means the maximum credit is $5,000.00. An eligible taxpayer must have gross receipts of $1,000,000.00 or less a year or must employ less than 30 full time employees.