The Hearing Aid Assistance Tax Credit Act allows individuals to claim a tax credit of up to $1,000 per year for hearing aid purchases that are not covered by insurance. The credit is available to taxpayers with modified adjusted gross income below $150,000 (or $300,000 for joint filers and heads of household) and can be claimed for themselves or their dependents. To prevent overuse, individuals can elect to use the credit only once every five years, and the same hearing aid expense cannot be claimed under multiple tax benefits. The law takes effect for tax years beginning after December 31, 2026, with no specific federal funding mechanism outlined in the legislation, as it operates as a reduction in tax liability rather than a direct spending program.
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