Save 50% On Your Purchase
Small Business Tax Credit (Internal Revenue Code Section 44: Disabled Access Credit). The tax credit, established under Section 44 of the Internal Revenue Code, was established specifically to help small businesses cover ADA-related “eligible access expenditures.” The Disabled Access Credit is equal to 50% of the “eligible access expenditures” which exceeds $250 but does not exceed $10,250, for a maximum credit of $5,000 a year.
If your clinic is small to mid-size, you could very well qualify to receive the Americans with Disabilities Act (ADA) Small Business Tax Credit. Determine whether your clinic qualifies for the credit.
The ADA tax credit is available to Chiropractic clinics that:
- Have total revenues of $1 million or less in the previous tax year, or
- Employ fewer than 31 full-time employees.
When you purchase ADA-compliant medical equipment for your clinic, you could be eligible to receive some money back. The tax credit could cover 50% of your total costs when you spend between $250 and $10,250 in eligible ADA expenditures over the course of a year.
Schraad Manufacturing cannot interpret tax laws or advise anyone how to utilize the tax codes. Please consult your tax professional regarding your eligibility and current up-to-date details on tax advantages.
Download Form: IRS Form 8826
Learn more about the ADA tax credit, available under Section 44 of the IRS code, here.