This bill would add a new refundable tax credit to the Internal Revenue Code for purchases of "qualified access technology" for blind individuals. The credit covers amounts paid or incurred during the tax year that are not already paid for by insurance or other sources. A "qualified blind individual" can be the taxpayer, the taxpayer's spouse, or a dependent. The credit is limited to $2,000 for each qualified blind individual in any 3-consecutive-taxable-year period. The bill defines qualified access technology as hardware, software, or other information technology whose main job is to convert or adapt visually represented information into forms usable by blind people. The bill bars claiming the credit for expenses that received another deduction or credit. The $2,000 limit is adjusted for inflation for tax years after 2026 and rounded down to the nearest $100. The provision would apply to taxable years beginning after December 31, 2025, and would not apply to amounts paid or incurred in taxable years beginning after December 31, 2030. The bill adds the new section as section 36C and makes conforming changes in the tax code and related laws.
If you are blind, are married to someone who is blind, or claim a dependent who is blind, you could claim a refundable tax credit for the cost of eligible access technology that you buy and that insurance does not pay for. The credit can reduce your tax owed and, because it is refundable, can result in a refund if the credit is larger than your tax. A given blind individual can receive up to $2,000 of credit in any rolling 3-year period. The credit is available for purchases tied to tax years starting after December 31, 2025, and the provision ends for purchases in tax years starting after December 31, 2030.
No publicly available information on projected federal costs or revenue effects is included in the bill text. The bill does set dollar limits and timing that affect expense amounts: a $2,000 aggregate limit per qualified blind individual per any 3-consecutive-taxable-year period, denial of double benefits for expenses that receive other tax deductions or credits, and an inflation adjustment for the $2,000 limit starting after 2026 (rounded down to the nearest $100).
No publicly available information.
No publicly available information.