As the number of children diagnosed with autism and other neurological disorders continues to skyrocket (1 in 44 as of March 2022), financial planners, CPAs, and lawyers need to understand the definition of a “Dependent” for income tax purposes and the impact of Supplemental Security Income (SSI) on the dependency exemption. In addition, our session addresses the impact of impairment-related work expenses on “countable income” for SSI and legislative changes impacting the “Kiddie Tax,” with its potentially unintended impact on our families. 
Learning Objectives: 

1. Review of current income tax calculation and our unique planning environment
2. Understand the definition of a “Dependent” and the impact of SSI on the Dependency Exemption.
3. Review the impact of an impairment-related work expense for Income Tax and SSI
4. Review of changes in the “Kiddie Tax” calculation since 2017