Senior Accessible Housing Tax Credit Act of 2026

Key Points

• The bill creates a new federal tax credit covering the full cost of approved home accessibility modifications for people 60 and older, such as ramps, grab bars, and non-slip flooring.
• The credit is capped at $10,000 per year and covers both materials and labor for qualifying projects like chair lifts, wider doorways, and bathroom safety upgrades.
• The full credit is available to single filers earning up to $100,000 and joint filers earning up to $200,000, phasing down by $1 for every $2 of income above those levels.
• To qualify, at least one person on the tax return must be 60 or older, and the modifications must be made to a residence they own, since the credit applies to a taxpayer's 'qualified residence.'
• If passed, the credit would apply starting with the 2027 tax year, and the $10,000 cap and income thresholds would rise with inflation after that.