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Special Needs Planning Tax Deduction

All professional fees that pertain to setting-up a Special Needs Trust and/or preservation of assets in a Special Needs Trust are tax deductible. This includes, but is not limited to Bart Stevens Special Needs Planning, LLC initial consultation, private fee-based planning and group planning workshops. (Note: “The ABC’s of Special Needs Planning Made Easy”© is likewise tax deductible). This deduction is made on the Form IRS 1040 Schedule A – Itemized Deductions. They are classified as miscellaneous itemized deductions and are included with other investment expenses, subject to 2% of your adjusted gross income. It is highly recommended that in addition to this provided information, that you check with your tax advisor to confirm that the expenses being itemized are indeed tax deductible.

The ABC’s of Special Needs Planning Made Easy ©

Published by The Stevens Group, LLC
Scottsdale, AZ 85258
Copyright, 2002, Barton Y. Stevens and Barbara F. Stevens

Book Disclaimer:
This publication is designed to provide general information prepared by the author in regard to the subject matter covered. It is sold with the understanding that neither the publisher nor the author is engaged in rendering legal, accounting, or other professional service. This publication should not be utilized as a substitute for professional service in specific situations. If legal advice or other expert assistance is required, the service of a professional should be sought.