Posted by Reminder on Tax DeductionsKarl on Tuesday, April 7th, 2009
It’s a good time of year to remind you that if you purchased a wheelchair van, a wheelchair lift conversion for your van, or any other BraunAbility product, you could be eligible for a tax break. The IRS allows a tax deduction for “the cost of special hand controls and other special equipment installed in a car for the use of a person with a disability.”
To establish eligibility you must have a letter or prescription from a licensed physician. Hopefully, you already have a prescription, because you need it to apply for your mobility rebate. Chrysler, Toyota and GM all offer a rebate of up to $1,000 if you have modified one of their new, eligible vehicles and provide them with the necessary supporting documents. Every mobility program is different, so check with your BraunAbility dealer or with us in our Financing Options.
In most states the same prescription can be used to exempt your Entervan, Rampvan, CompanionVan or other conversion from state and local sales taxes. Again, check with your BraunAbility dealer. They would be your best source for this information.
My tax information is courtesy of my favorite IRS employee. Jim Stephan, who is also a BraunAbility wheelchair van customer, is the only IRS employee I know. Rather than looking like a fearsome IRS agent, Jim looks more like a mild-mannered accountant. His wife, Jill, is also a BraunAbility customer.
I was around Jim for years when we played on the same wheelchair basketball team, and later on opposing teams. When people find out he works for the IRS they usually ask him for tax advice. His stock answer on taxes? “Pay them!”
Another good piece of advice is always consult with a tax professional to make sure you are applying this deduction properly and find out if you are owed any other deductions, including medical travel.
If you missed getting this deduction for 2008, you might want consider purchasing a new Entervan or Rampvan in 2009. Given the currently available discounts, rebates, and incentives, plus the tax deduction, it’s a good time to buy!