Form 8826 is used by small businesses to claim the disabled access credit, which is part of the general business credit. This tax credit is designed to encourage businesses to improve accessibility for disabled individuals in compliance with the Americans with Disabilities Act (ADA). Eligible access expenditures include expenses for barrier removal, improving accessibility, and providing auxiliary aids and services, such as sign language interpreters or large print materials.
To be eligible for the disabled access credit, a business must meet the following requirements:
Eligible access expenditures must also meet specific criteria, such as being necessary to comply with ADA requirements or improving accessibility for disabled individuals.
The disabled access credit covers 50% of eligible access expenditures between $250 and $10,250, with a maximum credit of $5,000 per tax year. Businesses can claim the credit by completing Form 8826 and attaching it to their income tax return. The credit is non-refundable but can be carried forward to future tax years if it cannot be fully utilized in the current year.
A business should use Form 8826 if it has made eligible access expenditures during the tax year to comply with the ADA or to improve accessibility for disabled individuals. Some examples of eligible access expenditures include:
Various businesses can benefit from the disabled access credit, including:
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