Disabled Access Credit: Tax Relief for ASL Interpreting Services
Unlock Tax Savings with the Disabled Access Credit
At Coda Couple, we believe in clear communication for everyone. That's why we offer certified American Sign Language (ASL) interpreting services to bridge the gap and ensure your business is accessible to all. In today's diverse market, inclusivity is key. But navigating accessibility concerns and language barriers can be challenging for small businesses. Here's the good news: the tax code offers a helping hand through the Disabled Access Credit.
The Disabled Access Credit: Tax Relief for Accessibility Investments
The Disabled Access Credit (Section 44 of the Internal Revenue Code) provides tax relief for small businesses that invest in accessibility improvements. This includes physical modifications like ramps and wider doorways, but also extends to language access services like ASL interpreters!
What Expenses Qualify?
The credit covers a variety of accessibility-related costs, including:
Installation of ramps and accessible entrances
Modifications for wheelchair users
Sign language interpreters and translation services
Who's Eligible?
Small businesses with:
$1 million or less in revenue during the previous tax year, or
30 or fewer full-time employees
can claim the credit. You can recoup up to 50% of qualifying expenses, with a maximum of $5,000 annually.
Claiming the Credit: Documentation is Key
To claim the credit, keep detailed records! This includes invoices, receipts, and contracts that clearly show the purpose of your accessibility investments, including those related to ASL interpreting services. Additionally, ensure your accessibility efforts comply with relevant regulations.
Maximize Tax Benefits with Coda Couple's ASL Interpreting
By utilizing the Disabled Access Credit, you can offset the cost of hiring Coda Couple's certified ASL interpreters. This not only makes your business more inclusive, but also allows you to claim valuable tax benefits.
Building Stronger Customer Relationships Through Accessibility
Offering ASL interpreting demonstrates your commitment to inclusivity and effective communication. This attracts and retains customers from diverse backgrounds, ultimately fueling business growth.
Investing in Accessibility: A Win-Win
Accessibility isn't just the right thing to do - it's a smart financial decision. The Disabled Access Credit helps you offset the costs of ASL interpreting and other accessibility improvements, while promoting inclusivity and regulatory compliance. By leveraging this credit effectively, you can strengthen your bottom line and contribute to a more equitable and accessible world.