The Internal Revenue Service (IRS) offers a $10,000 tax credit each year for businesses to adapt their premises to the requirements of the Americans with Disabilities Act (ADA). Below you will find a Q&A about the Disabled Access Credit (DAC) and how it can benefit your organization.
Who can qualify for the Disabled Access Credit?
The Disabled Access Credit is aimed at small businesses. Your business may qualify if it:
• has fewer than 30 full-time employees, and
• grossed less than $1 million last year
What purposes can Disabled Access Credit funds be used for?
Funds received through the Disabled Access Credit may be used for many different purposes. Some purposes related to playground and educational uses include the following:
• acquiring or modifying equipment or devices for individuals with disabilities
• removing physical barriers that prevent a busienss from being accessible to or usable by individuals with disabilities
How much funding is available for businesses who qualify for the Disabled Access Credit?
Between $250 and $10,000 each year.
How many years can I apply for the Disabled Access Credit?
Indefinitely. The Disabled Access Credit is available every year for qualifying organizations.
When did the IRS start offering the Disabled Access Credit?
In 1990, when the Americans with Disabilities Act became law.
How do I apply for the Disabled Access Credit?
First, download the Disabled Access Credit application form (#8826, here in .PDF format). Complete the form and send it in. You may need the assistance of an accountant or a financial professional.