AvaiLABLE Tax credits for ada compliance
It's exciting to learn that the U.S. government is backing ADA accessibility practices in line with the Americans with Disabilities Act by offering tax credits for those who make and maintain efforts in this area.
This is particularly beneficial for facilities aiming to enhance their pool areas with ADA-compliant equipment or upgrade their current ADA features.
Disabled Access Credit
The disabled access credit is a non-refundable credit for small businesses that have expenses for providing access to persons with disabilities. An eligible small business is one that earned $1 million or less or had no more than 30 full-time employees in the previous year.
Barrier Removal Tax Deduction
The architectural barrier removal tax deduction encourages businesses of any size to remove architectural and transportation barriers to the mobility of people with disabilities and the elderly. Businesses may claim a deduction of up to $15,000 a year for qualified expenses on items that normally must be capitalized.
Breakdown
The tax credit, listed under Section 44 of the IRS Code, covers 50% of the eligible access expenditures made during the previous tax year.
Disabled Access Credit:
- Amount: 50% of eligible access expenditures exceeding $250 but not exceeding $10,250 per year.
- Eligible access expenditures include costs related to:
- Removing barriers (architectural, communication, physical, or transportation).
- Providing interpreters or other aids for hearing/vision impairments.
- Acquiring/modifying equipment for individuals with disabilities.
- Similar services, modifications, materials, or equipment.
Spectrum Aquatics ADA Compliant Pool Chair Lifts
At Spectrum Aquatics, our commitment to enabling accessibility dates back to 1974, when we introduced our first aquatic pool lift. Over the years, we have continuously refined and advanced our technology, allowing us to create more than 20 tailored pool lift options to meet the unique needs of your facility.
Whether your preference leans towards battery-powered or water-powered pool chair lifts, we offer a range of ADA Pool Lifts suitable for any setting. Our pool chair lifts are engineered to deliver exceptional performance and longevity in a variety of indoor and outdoor aquatic environments.
Choosing Spectrum Aquatics means you're embracing unparalleled professionalism, meticulous attention to detail, and exemplary customer service. It's our privilege to be recognized as your dependable ally in the aquatics industry.
Spectrum Aquatics is here to help you achieve ADA compliance!
Contact our team of highly knowledgeable and friendly salespeople who can help you understand what you need to comply and how we can make custom applications to our products to get you there!
Be sure to discuss the ADA-Compliant Tax Credit with your financial team as well as your pool builder. Don't leave money on the table!