H.R. 2749 creates a new refundable tax credit to help pay for home accessibility improvements for seniors and people with disabilities. Individuals can claim a credit equal to 35 percent of qualifying home modification expenses, up to $10,000 per year and $30,000 total across all years. Eligible people include those receiving disability benefits, those aged 60 and older, and their spouses or dependents living in the same home. Qualifying improvements include ramps, grab bars, widened doorways, accessible bathrooms, lifts, assistive technology, and other modifications that help people live independently. The credit phases out for higher-income individuals, with thresholds ranging from $200,000 to $400,000 depending on filing status. The bill takes effect for tax years beginning after December 31, 2024, and directs federal agencies to develop detailed guidance on eligible improvements, conduct public outreach, and study the program's effectiveness over three years.
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