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January, 2012

Self-Employment Might be an Attractive Option for Persons with Disabilities

In this Issue:

Self-Employment Resources


Self-Employed Man Working

Latest figures from the US Bureau of Labor Statistics External link opens in a new window show that disabled persons are more likely to be self-employed than non-disabled persons. Some reasons for choosing self-employment are:

  • Digital technology has broadened opportunities
  • Ability to control work schedule
  • Ability to tailor surroundings to meet needs
  • Availability of assistive tools
  • Success not limited by misconceptions
  • Tax benefits

There are road-blocks which have kept some disabled persons from becoming entrepreneurs. Loss of affordable health insurance is one reason some do not choose self-employment. Statistics supplied by Cornell University External link opens in a new window show that 16.4% of Illinois working age disabled were uninsured in 2009. Reluctance of banks to make loans to disabled individuals has also caused difficulties.

Illinois workNet portal Link opens in a new window provides many resources to help those with disabilities find employment. Individuals who are interested in becoming self-employed Link opens in a new window can find resources to help them explore ideas and form solid plans. Resources to help entrepreneurs locate small business lending Link opens in a new window sources can also be found on the workNet portal.

ADDITIONAL RESOURCES

Self-Employment Ideas:


Tax Info for the Self-Employed:

  • The IRS External link opens in a new window website provides guidelines about tax obligations for self-employed persons
  • Investopedia External link opens in a new window explores tax issues and benefits for self-employed
  • Reuters External link opens in a new window provides advice for Schedule C tax-filers
  • This 2010 IRS External link opens in a new window publication about impairment-related work expenses is helpful
  • The IRS provides a 2011 Tax Guide for Small Businesses External link opens in a new window who use Schedule C or C-EZ


Health Insurance Issues:

  • Information about affordable insurance exchanges for 2014 is found at Healthcare.gov External link opens in a new window
  • Information about Medicare coverage for working disabled persons is provided at Medicare.org External link opens in a new window

Other Useful Resources:


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Illinois workNet Centers are an equal opportunity employer/program. At Illinois workNet Centers, auxiliary aids and services are available upon request to individuals with disabilities. All voice telephone numbers on this website may be reached by persons using TTY/TDD equipment by calling TTY (800) 785-6055 or 711.

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