DYSLEXIA, LEARNING DISABILITY, ADHD EVALUATIONS AND TREATMENT CAN BE TAX DEDUCTIBLE
Learning
Disability
evaluations
and
remedial
treatment
can
qualify
as
a
medical
expense
under
IRS
guidelines
and
in
some
instances be paid for with pre-tax dollars. In general the following conditions must be met:
•
The
individual
must
be
diagnosed
with
a
medical
condition
by
an
accredited,
licensed
professional,
qualified
to
make
a
diagnosis. A diagnosis of Specific Learning Disorder (Dyslexia) or ADHD is a medical diagnosis of a medical condition.
•
The licensed medical professional must prescribe the remediation.
•
The
remediation
programs
must
be
administered
by
trained
professionals
who
administer
medical
care
in
the
form
of
special education designed to treat the medical condition that handicaps the ability to learn
Expenses that qualify as medical expense may receive the following income tax benefits:
•
Health
savings
account
(HSA)
–
This
account
can
be
set
up
by
you
individually
or
by
your
employer.
An
HSA
is
funded
with
pre-tax
dollars
and
is
used
to
reimburse
qualified
medical
expense.
An
HSA
can
be
funded
by
you
or
your
employer.
IRS
publication 969 provides guidance regarding HSA’s and details of how to establish an HSA.
•
Flexible
spending
arrangement
(FSA)
–
This
account
is
set
up
and
administered
by
your
employer.
A
FSA
is
funded
with
pre-tax
dollars
and
is
used
to
reimburse
qualified
medical
expense.
A
FSA
can
be
funded
by
you
or
your
employer.
IRS
publication 969 provides guidance regarding a FSA.
•
Health
reimbursement
arrangements
(HRA)
–
This
account
is
established
and
funded
solely
by
your
employer
with
pre-tax
dollars and is used to reimburse qualified medical expense. IRS publication 969 provides guidance regarding an HRA.
•
Medical
expense
deducted
as
an
itemized
deduction
on
your
Federal
income
tax
return
–
If
you
have
qualified
medical
expenses
that
have
not
been
reimbursed
to
you
by
insurance
or
another
tax
favored
health
plan
you
may
be
able
to
take
them
as
an
itemized
deduction
on
you
federal
income
tax
return.
IRS
publication
17
and
502
provide
guidance
regarding
medical expense as an itemized deduction.
•
The
above
information
is
not
intended
to
provide
tax
advice.
Please
see
your
tax
professional
to
determine
what
tax
benefits are available to you given your particular circumstance.
Robert D. Smith, PhD
Diagnosis of Dyslexia, ADD & Learning Disorders
Children & Adults