The Core Stix Access Fitness Package qualifies under the IRS Section
44 for a tax credit for eligible small businesses of $1,122.50
for every Core Stix Access Package purchased – up to $5,000 total.
The amount of the credit is 50% of the
amount of eligible access expenditures for a year that exceed $250 but
do not exceed $10,250. No other deductions or credits are permitted
for any amount for which a disabled access tax credit is
allowed. The maximum allowable tax credit is $5000.
For example, if your tax liability at the end of 2015 is $2,000
and you are eligible for the $1,122.50 IRS Section 44 tax credit, your
resulting tax liability would be $877.50. That is $1,122.50 back in
Regarding eligibility, an eligible small business is defined as
any person who elects to claim the disabled access tax credit and either: (1)
had gross receipts for the preceding tax year that did not exceed one million
dollars; or (2) had no more than 30 full time employees during
the preceding tax year.
other words, a clinic could have made $5M in sales during 2015, but had 30 or
fewer full time employees during 2015, and still qualify as a “small
business” for the tax credit.
Please click here for
more detailed ADA information regarding the tax deduction and tax
Please click here for the ADA tax form for claiming your ADA Tax
Please consult your tax advisor to