IRS tax credits and ADA compliance
Q.I recently read that "To assist businesses with complying with the ADA, Section 44 of the IRS Code allows a tax credit for small businesses and Section 190 of the IRS Code allows a tax deduction for all businesses." This seems to cover everything from barrier removal and certain adaptive equipment to interpreters and accessable formats for the blind. The tax credit is up to 50% of eligible expenditures in a year up to $10,250. The tax deduction is max of $15, 000 for barrier removal and alterations. My question is...does this include Doctors offices and other places that offer medical services (Veternarians?). The tax credit has a restriction to businesses that have total revenues of $1,000,000 or less or 30 or fewer full- time employees. Thanks in advance for your reply
A.My understanding is that the restriction is on the size of the business, not the type of business for the Credit. For the Credit, there are certain eligible access expenditures such as removing a variety of barriers, physical as well as communication; making materials accessible through the use of readers, disc, braille, etc; interpreters; aquire or modify equipment or devices; or other similar services, modifications, material or equipment (Ref. in part, EEOC-FS/E6 Facts About Disability Related Tax Provisions, Jan. 1992) The maximum credit annually is $5,000. Title 26, Internal Revenue Code, Section 44 The Deduction(Title 26 Internal Revenue Code, section 190) is for any size business for $15,000 per year. "Expenditures to make a facility or public transportation vehicle owned or leased in connection with trade or business more accessible to, and usable by, individuals who are disabled or elderly are eligible for the deduction." Therefore, a business may be eligible for both incentives, using different expenses for each if interested. But you can't use both the credit and the deduction for the same expense. Hope this helps, let me know if you need more info.
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