Are NCLP products and services tax deductible?

Yes, 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 the NCLP initial consultation, private fee-based planning and group planning workshops.

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.

Course tuition, consulting, case assistance, and products are deductible business expenses to the professional advisor.