Key Disability Provisions in Tax Bill

For your reference, key disability provisions within the tax bill:

• The requirement for all people to have health insurance under Affordable Care Act is repealed

• The Medical expense deduction used by individuals with high medical and long-term care expenses is kept, and the threshold to use the credit is reduced. For the next two years people with medical expenses of 7.5% (rather than 10%) of their total income can use the deduction.

• The Orphan drug tax credit was not eliminated, but was reduced from reimbursing 50% of qualified clinical testing expenses to 25%.

• The Work Opportunity Tax Credit is kept, meaning businesses will get a tax credit if they hire people with disabilities referred by VR ($2,400) or applicants who are veterans ($9,600 tax credit).

• The Architectural barrier renovation (disabled access) tax credit is kept, meaning that businesses will be able to get a tax credit of up to $5,000 for renovations to make their businesses more accessible.

• The low-income housing tax credit—used by many people with disabilities--is kept

• The ability to move money from a 529 college savings account to an ABLE account is included, but only until December 31st, 2025

• The Saver’s Credit ABLE amendment is included until on December 31, 2025

Stay connected with Family Voices, Inc. (National) to learn more and to share your voice familyvoices.org/action/advocate