Thursday, September 30, 2010

Tax Credits for Individuals with disabilities

Individuals with a disability who are working are now entitled to the Earned Income Tax Credit (EITC). In New York, the EITC is an incentive for people with disabilities to build assets and save for the future. The EITC will not affect such benefits as Social Security Insurance (SSI), Medicaid, or federally funded housing programs, nor will it be counted as income when it’s received; therefore, it will not affect any other assistance programs with income limits. For additional information on the Earned Income Tax Credit, go to its website at http://www.otda.state.ny.us/main/reform/. An additional tax resource for people with disabilities interested in accessing the EITC is available through the Real Economic Impact Tour (REI Tour)http://www.realeconomicimpact.org/REI-Tour.aspx, a national initiative that provides free tax preparation and filing assistance to low-income people with disabilities.

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