Understanding the Disability Tax Credit: Financial Relief for Parents with Children with Learning Disabilities
Navigating the complexities of raising a child with learning disabilities can be overwhelming for many parents. Not only do they face the emotional challenges of ensuring their child’s well-being and development, but they also contend with the financial strains that often accompany specialized care, educational resources, and therapeutic services. One valuable resource that can alleviate some of this financial burden is the childrens disability tax credit (DTC) . Designed to provide financial relief to families, the DTC can help offset the costs associated with raising a child who has a learning disability. In this blog, we will explore what the Disability Tax Credit is, how it applies to children with learning disabilities, and the steps parents can take to apply for this critical financial support. What is the Disability Tax Credit? The Disability Tax Credit is a non-refundable tax credit offered by the government to assist individuals with disabilities and their families. It...