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
Robert D. Smith, PhD Diagnosis & Treatment for Dyslexia, ADD & Learning Disorders IQ Optimization Children & Adults