Sponsor
George Latimer
Representative · D-NY
Representative · D-NY
The bill expands tax and grant support for home accessibility so more older Americans can age in place safely, but low- or no-tax seniors get less benefit, homeowners face tax-basis and planning trade-offs, and the grants create modest federal costs and distributional risks.
Homeowners age 60+ can claim up to $10,000 per year in a tax credit to offset accessibility modifications to their primary or second home.
Seniors and people with disabilities gain a wider range of eligible modifications (ramps, widened doorways, grab bars, non-slip flooring, chair lifts, etc.), increasing options to age in place more safely.
Moderate-income older adults are protected by income phaseouts with MAGI thresholds and inflation adjustments, targeting benefits to lower- and middle-income seniors while excluding higher earners.
Low- or no-tax seniors may not be able to use the full nonrefundable tax credit, limiting benefit for the poorest older adults.
Homeowners who claim the credit must reduce their property's tax basis for the claimed expenses, which can increase taxable capital gains when the home is later sold.
Claiming this credit disallows other tax credits or deductions for the same expenses, reducing tax-planning flexibility for homeowners.
Based on analysis of 3 sections of legislative text.
Creates a nonrefundable senior accessible housing tax credit (up to $10,000/year) and authorizes $100M/year for HUD for older-adult home modification grants for FY2027–FY2031.
Official title: To amend the Internal Revenue Code of 1986 to allow a credit against tax for qualified accessible housing expenses, and for other purposes.
Introduced June 30, 2026 by George Latimer · Last progress June 30, 2026
Creates a new nonrefundable federal tax credit for seniors to help pay for home accessibility modifications and provides five years of federal grant funding to HUD for older-adult home modification grants. The credit covers up to $10,000 per taxpayer per year for qualified accessibility expenses for a principal residence or qualified second home and phases out for higher incomes; HUD receives $100 million per year for FY2027–FY2031 to support an existing older-adult home modification grant program.