What Are The Tax Benefits Of Making Your Website ADA Accessible?
The tax benefits of making your website ADA accessible are as follows:
-You can receive up to 50% of eligible ADA web accessibility expenses.
-You can receive an IRS tax credit for those expenses.
If you are a small business, and you have invested money into making your website ADA accessible, then you can receive up to 50% of the eligible ADA web accessibility expenses that you invested into your website.
The 50% of eligible expenses will take the form of a tax credit.
Just as an example, if you spent $4,000 on ADA web accessibility compliance, then you can receive a tax credit that is worth $2,000.
You can use this tax credit to subtract the sum that it contains against the amount of money you owe. This way, you owe fewer taxes.
How Can You Obtain These Tax Benefits?
To qualify for these tax benefits, you must:
-Own a small business.
-Spent between $250 to $10,000 on ADA web accessibility within the preceding tax year.
-Have gross receipts of $1 million or less.
-Have employed thirty people, or less, in the preceding tax year.
Regarding the last two points, these are “either/or” and, as such, if you own a small business, and meet at least one of the criteria outlined above, you can obtain these ADA web accessibility tax benefits.
Outside of that fact, if you spent more than $10,000 on ADA web accessibility within that tax year, you can still obtain the tax credit. But only for $10,000 of those expenses.
To obtain these benefits, you must fill out Form 8826 and clarify your ADA web accessibility expenses. Doing so will allow you to receive a tax credit for them.
How Can You Make Your Website ADA Accessible?
The best way to make your website ADA accessible is to integrate features that make it:
-Perceivable.
-Operable.
-Understandable.
-Robust.
Every single one of the above serves as one of the four core components that comprise the World Wide Web Consortium’s Web Content Accessibility Guidelines.
If you can integrate the features that these components require, your website will be ADA-accessible. And, if you spend money to do so, you qualify for the IRS ADA web accessibility tax credit.
