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Which tax incentive allows small businesses to receive a credit for removing architectural barriers?

Work Opportunity Tax Credit.

Disabled Access Tax Credit.

The Disabled Access Tax Credit is specifically designed to encourage small businesses to enhance accessibility for individuals with disabilities. It provides businesses with a financial incentive by allowing them to claim a tax credit for expenses incurred in removing architectural barriers in their facilities. This tax credit aims to promote inclusivity and ensure that individuals with disabilities can equally access goods and services.

This credit can cover various expenses, such as modifying existing facilities, purchasing accessible equipment, and even providing accessible signage. The intention behind this incentive is to lower the financial burden on small businesses while improving overall access, thereby creating a more inclusive environment for customers and employees with disabilities.

In contrast, other options like the Work Opportunity Tax Credit or the Employment Opportunity Tax Incentive focus on hiring individuals from specific target groups, including certain disadvantaged individuals or veterans, rather than addressing physical accessibility in businesses. The Architectural Barrier Tax Deduction, while potentially related, is not tailored specifically to small businesses in the same way the Disabled Access Tax Credit is.

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Architectural Barrier Tax Deduction.

Employment Opportunity Tax Incentive.

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