Senior Accessible Housing Tax Credit Act of 2026

Bill S. 5216, the Senior Accessible Housing Tax Credit Act of 2026, would amend the federal tax code to create a new tax credit for expenses related to making a home more accessible for older adults. The credit would cover costs such as installing wheelchair ramps, grab bars, non-slip flooring, chair lifts, and similar modifications to a taxpayer's primary residence, capped at $10,000 per year and adjusted for inflation starting in 2028.

The credit would apply to individuals age 60 or older (or married couples where at least one spouse meets that age, filing jointly), provided neither spouse is a nonresident alien. The benefit phases out for higher earners: it is reduced by $1 for every $2 of modified adjusted gross income above $200,000 for joint filers, $150,000 for heads of household, and $100,000 for other individual filers. Taxpayers could not also claim another tax benefit for the same expenses, and any property basis would be reduced accordingly to prevent a double benefit.

The bill was introduced in the Senate on August 3, 2026, by Sen. Angela Alsobrooks (D-MD), with Sen. Kirsten Gillibrand as a cosponsor, and referred to the Senate Committee on Finance. It would need to pass committee review, then the full Senate and House, before being signed into law; if enacted as written, the credit would apply to tax years beginning after December 31, 2026.

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