Tag: tax incentives
Reps. Crist, Suozzi intro tax deduction for home mods
May 10, 2022HME News Staff
WASHINGTON – Reps. Charlie Crist, D-Fla., and Thomas Suozzi, D-N.Y., have introduced a bill that would provide tax incentives for home modifications so seniors and those with disabilities can more easily and safely continue living in their own homes. The Home Modification for Accessibility Act empowers Americans to make decisions about where and how they live by offsetting the costs associated with making home modifications through a penalty free early retirement withdrawal and lifetime tax...
HomesRenewed pushes for tax incentives for aging in place
November 11, 2020HME News Staff
WASHINGTON - The HomesRenewed Coalition is calling on the 117th Congress to include tax and other incentives in legislation in 2021 to allow Americans to upgrade their homes for safety and to meet changing needs, as well as to help the economy with construction jobs. “This is a quickly moving group effort bringing together builders and remodelers, manufacturers and distributors, as well as health care providers to ensure that our aging population's housing needs are understood and addressed...