Are there any special tax credits available for businesses that employ disabled workers?

Yes, businesses in South Carolina that employ disabled workers may be eligible for certain special tax credits. The federal government offers the Disabled Access Credit (DAC), which provides a tax credit of up to $5,000 per year for businesses that incur costs for providing access to disabled persons. This credit is available for small businesses and businesses with up to 30 full-time employees. In addition, the federal government also offers the Architectural or Transportation Barrier Credit (ATBC). This is a tax credit of up to 50% of eligible expenditures, up to $10,250 per year, for certain businesses that have at least one disabled employee that works at least 30 hours per week. South Carolina also offers its own tax credit, the Income Tax Credit for Employers of Persons with Disabilities (ITC). This credit is equal to 40% of the first $12,000 of wages paid to disabled individuals, up to a maximum credit of $4,800 per eligible employee. In conclusion, businesses in South Carolina that employ disabled workers may be eligible for certain special tax credits. These include the Disabled Access Credit, the Architectural or Transportation Barrier Credit, and the Income Tax Credit for Employers of Persons with Disabilities. Each of these credits has its own requirements and limitations, so it’s important to research them to determine if your business qualifies.

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Are there any special tax credits available for businesses that employ disabled workers?

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