{"id":9841,"date":"2022-10-06T07:37:58","date_gmt":"2022-10-06T12:37:58","guid":{"rendered":"https:\/\/c1mdevsite.com\/clockmobilitydev.com\/?p=8868"},"modified":"2022-10-06T07:37:58","modified_gmt":"2022-10-06T12:37:58","slug":"handicap-vehicle-tax-deduction","status":"publish","type":"post","link":"https:\/\/c1mdevsite.com\/clockmobilitydev.com\/handicap-vehicle-tax-deduction\/","title":{"rendered":"Disability Tax Deduction for Wheelchair Vans"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]With technological advancements in the automobile industry, the wheelchair van has become more accessible and reliable than ever before. While these vehicles have made wheelchair users\u2019 lives easier, they also come with a hefty price tag. <\/span>To help wheelchair users save on taxes, the government does offer a tax exemption for certain types of mobility equipment. Unfortunately, come tax season, it\u2019s easy to get confused and end up paying more than the IRS requires, given the exemption you should be receiving. In this blog, we\u2019ll explain how the handicap vehicle tax deduction works and how you can use it to your advantage.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]<\/p>\n

Is There a Handicap Vehicle Tax Deduction?<\/span><\/h2>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″][vc_empty_space][vc_column_text]Under IRS Publication 502, a taxpayer can deduct \u201cthe cost of <\/span>special hand controls<\/span><\/a> and other special equipment installed in a car for the use of a person with a disability.\u201d This means, while the car itself is not tax deductible, the cost of modifying it for a wheelchair user can be claimed on your tax returns as an expense for medical care. However, there are some limitations to this rule. You can only deduct the amount that exceeds 7.5% of your adjusted gross income (AGI).<\/span><\/p>\n

For instance, if you have an AGI of $50,000, then you can only claim a deduction that exceeds $3,750. It is important to note that you can only file this kind of claim by filling out form 1040 and applying for an itemized deduction on Schedule A of your tax return.\u00a0<\/span><\/p>\n

In addition to a tax deduction to help you save money, vehicle manufacturers like Honda, Toyota, and Chrysler may also offer a rebate<\/a> of up to $1000 rebate if you purchase a new wheelchair-accessible van or modify an existing vehicle with adaptive equipment. Just make sure you keep the receipts for the equipment and installation for tax filing purposes.\u00a0<\/span>[\/vc_column_text][\/vc_column][vc_column width=”1\/3″][vc_empty_space][vc_single_image image=”8900″ img_size=”full” alignment=”center” style=”vc_box_rounded” onclick=”link_image”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]<\/p>\n

Deductible Wheelchair-Accessible Adaptations<\/span><\/h2>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=”2\/3″][vc_empty_space][vc_column_text]Now that you know that wheelchair-accessible conversions are eligible for tax deductions, you may be wondering which types of special equipment qualify. The IRS has approved the following items as tax deductibles:\u00a0<\/span><\/p>\n