Friday, 13 May 2016

How To Know If You Qualify For The Disability Tax Credit

By Larry Reynolds


For those suffering from any form of disability, it is important to understand that the government has put in place a number of measures to caution them against the tough reality of life. However, in order to take advantage of these benefits set aside by the government, you need to get informed on what exactly it is that you can enjoy from and whether you qualify for the same or not. The disability tax credit is considered a non-refundable tax-credit used to reduce the tax burden (income tax) for those who are eligible.

The biggest problem has always been that who are eligible are either in the dark that the program exists or if they are aware of its existence, they are not aware that they qualify. In some cases, others are simply intimidated by the process and are unwilling to even begin. As such, the government agencies are always on hand to help spread the news make the process simpler and help provide the support required.

Generally, from the point of diagnosis, the individuals that fall in this category suffers from stress associated the diagnosis, treatment and adjusting life to live with the condition. The family members, close relatives, and friends are also likely to experience some sought of suffering as a result of this.

This disability is likely to put a strain on your personal as well as professional life as well as increased expenses directed towards treatment. In case you are in this category, just understand that not all doors are closed. There are a number of benefits that you qualify, the biggest of which is tax relief.

Some of the common challenges experienced by those who qualify include those affected in their daily activities such as dressing, walking, taking a shower, eating, seeing, hearing, speaking and other ordinary activities. In addition to this, mental conditions that interfere with the basic functions of the brain and any other condition that has a mark on the daily life of an individual may qualify for the benefits.

The second condition is that the impairment should be persistent for a minimum of one year to be considered a disability. Third and last, a qualified and licensed practitioner should diagnose the condition, conduct the necessary assessment and award the disabled with a certificate in which it is clearly shown that you qualify for this and other forms of benefits for the disabled.

However, a big majority of those who qualifies may no longer be earning any income or may have never had any income in their life. If someone is working and he/she get injured, fall sick or became disabled for any other reason, their life or professional life gets affected and most may stop working. There is no need to pity yourself just because you don't have taxable income.

Generally, the condition does not necessarily have to stop the affected person from working; all it has is a mark on the daily life of the person affected. The doctor then simply certifies through a certificate that the person has one of the many conditions to qualify for the benefit. Those currently unemployed can transfer such benefits to their common law-partners such as parents, spouses, and those taking care of their financial needs.




About the Author:



No comments:

Post a Comment