Year 2001 Tax Benefits for Parents of Children with Learning Disabilities

[Guest guest]

Year 2001 Tax Benefits for Parents of Children with

Learning Disabilities

" If you have a child with a severe learning disability, you

may qualify for valuable tax benefits. Because tax laws are

complex, and many tax preparers often do not have occasion

to use these unique tax benefits, families are at risk of

losing refunds worth many thousands of dollars. It's likely

that 15-30 percent of families with a disabled child have

one or more unclaimed tax benefits. This guide provides a

brief summary of the most significant tax benefits and

should not be considered legal advice. Tax decisions should

not be made simply on the basis of the information provided

here. You are advised to print out this guide and give a

copy to your tax advisor. Internal Revenue Service (IRS)

publications represent the most accessible form of guidance

to the tax rules for the general public, and relevant IRS

publications are cited for each of the tax benefits listed

below. The IRS also issues interpretations of the code and

regulations called " Revenue Rulings. " These interpretations

are formal, binding policy statements. Tax professionals

rely on revenue rulings in advising clients about tax

liabilities and tax benefits. For example, Revenue Ruling

78-340, discussed later, authorizes a medical expense

deduction for tuition or tutoring fees paid for a child

with a severe learning disability who is attending a

special school at the recommendation of the child's

doctor. "

Read the rest of this article at

http://www.schwablearning.org/Articles.asp?r=433 & g=2 & d=3

©Schwab Learning 2002

Created: 2/4/2002

[Guest guest]

<khalidsvision@...> wrote:

Year 2001 Tax Benefits for Parents of Children with

Learning Disabilities

" If you have a child with a severe learning disability, you

may qualify for valuable tax benefits. Because tax laws are

complex, and many tax preparers often do not have occasion

to use these unique tax benefits, families are at risk of

losing refunds worth many thousands of dollars. It's likely

that 15-30 percent of families with a disabled child have

one or more unclaimed tax benefits. This guide provides a

brief summary of the most significant tax benefits and

should not be considered legal advice. Tax decisions should

not be made simply on the basis of the information provided

here. You are advised to print out this guide and give a

copy to your tax advisor. Internal Revenue Service (IRS)

publications represent the most accessible form of guidance

to the tax rules for the general public, and relevant IRS

publications are cited for each of the tax benefits listed

below. The IRS also issues interpretations of the code and

regulations called " Revenue Rulings. " These interpretations

are formal, binding policy statements. Tax professionals

rely on revenue rulings in advising clients about tax

liabilities and tax benefits. For example, Revenue Ruling

78-340, discussed later, authorizes a medical expense

deduction for tuition or tutoring fees paid for a child

with a severe learning disability who is attending a

special school at the recommendation of the child's

doctor. "

Read the rest of this article at

http://www.schwablearning.org/Articles.asp?r=433 & g=2 & d=3

©Schwab Learning 2002

Created: 2/4/2002

[Guest guest]

does anyone know if there is anything like this in Australia?

thanks

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<khalidsvision@...> wrote:

Year 2001 Tax Benefits for Parents of Children with

Learning Disabilities

[Guest guest]

Sorry cant help with that one

Jane