A bill to amend the Internal Revenue Code of 1986 to provide a refundable credit for certain home accessibility improvements.
Sponsored By: Senator Angus King
Introduced
Summary
Creates a refundable tax credit to help make homes accessible for seniors, veterans, and people with disabilities. This bill would create a 35% refundable credit for qualified home accessibility spending, subject to a $10,000 annual limit and a $30,000 lifetime limit and reduced for higher incomes through phased thresholds.
Show full summary
- Seniors, people with disabilities, and benefit recipients would be eligible. Individuals age 60 or older, those with a medical disability certification, and people entitled to Department of Veterans Affairs or Social Security benefits can qualify. Spouses or dependents who share a principal residence may also qualify.
- Homeowners and primary-residence taxpayers could use the credit for many modifications. Covered work includes ramps, widened doorways, bathroom accessibility changes, lifts, assistive technologies, lighting, non-slip flooring, relocation of laundry, and adding main-floor bedrooms. Treasury and HUD will maintain and update an allowable list.
- Administration and oversight would be tight. Treasury must issue guidance within 180 days, taxpayers must substantiate claims and cannot double-dip with other tax benefits, and the Government Accountability Office will study program outcomes and report within 3 years.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
New home accessibility tax credit
If enacted, you would be able to claim a refundable tax credit equal to 35% of qualifying home accessibility work. The credit would be limited to $10,000 per year and $30,000 total over your life. You would only get the credit for work on your principal home for a "qualified individual" (veterans or Social Security disability/blindness beneficiaries, a physician-filed disability certification, or someone aged 60 at year end). High earners would see the credit reduced as MAGI goes over filing-status thresholds, and no credit would be allowed for married filers who do not file jointly. Expenditures claimed could not be used for another tax benefit in the same year. The rule would apply to tax years starting after December 31, 2024.
GAO study on credit effectiveness
If enacted, the GAO would study how well the credit works and report to Congress within three years. The study would look at how many homes get accessible features, effects on ER visits and hospital stays, Medicare spending, daily living, and depression. GAO would give recommendations, for example about indexing amounts or expanding eligibility to renters or builders, and post the report on its website.
IRS outreach and eligibility checks
If enacted, the IRS would be required to make the credit easy to find and use and run outreach about how to claim it. The Social Security Administration and Veterans Affairs would have to give Treasury information and help to verify entitlement-based claims. These steps would start on enactment to support tax years after December 31, 2024.
Sponsors & CoSponsors
Sponsor
Angus King
ME • I
Cosponsors
Peter Welch
VT • D
Sponsored 4/7/2025
Roll Call Votes
No roll call votes available for this bill.
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