Having a child with a disability can place a huge financial strain on parents, regardless of their income. The expenses are myriad, from medication, to specialist visits, therapies, specialized adaptive equipment, and in the worst cases, terrifying trips to the emergency room. One of the ways many parents survive is through the Medical Deduction tax credit. While not a fix, it allows many families to continue to provide the treatment their child needs. Currently, it looks like the Medical Deduction credit might be going away with the new tax bill making its way through Congress.
As it is currently, you are allowed to deduct medical expenses that exceed 10% of your adjusted gross income. The proposed change will put the standard deduction maximum to $s24,000. For many families, medical expenses will far exceed that number, some more than DOUBLE. This puts children at risk, and will prevent many families from being able to seek treatment.
The bill has yet to pass, but the vote will happen before Thanksgiving. That means there is time to contact your Senators and Representatives! If you aren’t sure who represents your state and your district, you can find out at Who Is My Representative.
Send in your stories, tell the how much the Medical Deduction helps your children. Tell them how, without early intervention and treatment, the longterm prognoses for children with Cerebral Palsy, and countless other disabilities, is significantly worse. Without help, there is a significant additional strain placed on the system, something we all want to avoid.
We need to raise as much awareness as possible, quickly! If the new law passes, the deduction will go away on January 1st, 2018.
Contact your representatives today, and EVERY day until they promise to keep the Medical Tax Deduction!