The Kansas Assistive Technology Contribution Credit, claimed using Schedule K-42, provides a tax credit for eligible contributions made to approved assistive technology programs in Kansas. The credit was designed to encourage contributions that support assistive technology services for individuals with disabilities.
Eligibility and Contribution Requirements
- The credit is available only to C corporations subject to Kansas corporate income tax for tax years beginning after 2012, including the 2025 tax year.
- Contributions must be made to an organization approved by the Kansas Department of Revenue for the Assistive Technology Contribution Credit program.
- Qualified contributions must meet the requirements established under Kansas law and must be properly certified by the approved organization.
- Individuals, partnerships, S corporations, limited liability companies, and other pass-through entities are not eligible to claim this credit for the 2025 tax year.
Calculating the Credit
The credit is calculated as follows:
Line 1: Enter the total amount of qualified contributions made to an approved assistive technology organization during the tax year.
Line 2: Multiply the qualified contribution amount by the authorized credit percentage.
Line 3: The authorized credit percentage is 25% of the qualified contribution.
Line 4: Enter the amount of Kansas tax liability after all other allowable credits.
Line 5: The allowable credit is the lesser of the calculated credit amount or the remaining Kansas tax liability.
Credit Carryforward
- Any unused portion of the Kansas Assistive Technology Contribution Credit may be carried forward to future tax years as allowed under Kansas law and Schedule K-42 instructions.
- The carryforward amount must be tracked and applied according to the applicable Kansas Department of Revenue requirements.
Filing Requirements
- Eligible C corporations must complete Schedule K-42 – Assistive Technology Contribution Credit and attach it to the Kansas corporate income tax return (Form K-120).
- Taxpayers should retain documentation supporting the contribution, including certification and receipts from the approved organization.
- The Kansas Department of Revenue may request supporting documentation during an audit or review.
Source:
Schedule K-42 – Assistive Technology Contribution Credit
Disclaimer: Always verify tax information with the official forms and instructions from the Kansas Department of Revenue or the IRS. Tax rules and credits may change annually, and eligibility depends on specific criteria. For personalized advice, consult a tax professional or CPA.