Hearing Aid Tax Credit Assistance Act
With the convening of a new Congress, the 113th (2013-2014), the Hearing Aid Tax Credit Legislation must be re-introduced. Unlike in recent Congresses, the House bill will no longer apply only to dependents. The 2013 House legislation will provide a $500 tax credit towards the purchase of a hearing aid per ear every five years for those with an adjusted gross income under $200,000. The Senate bill will provide the $500 tax credit for one hearing aid per ear every five years with no restrictions.
In anticipation of the re-introduction, several IHS leaders, members, and staff joined other industry leaders for Hearing on the Hill on February 28, 2013. This DC-fly event is the kick off for the Hearing Aid Tax Credit Assistance Act re-introduction, during which time attendees meet with their Members of Congress to garner early support for the legislation.
In the 112th Congress (2011-2012), Representatives Tom Latham (R-IA) and Carolyn McCarthy (D-NY) championed H.R. 1479, “the Hearing Aid Assistance Tax Credit Act,” which sought to provide a tax credit of up to $500 per hearing aid, available once every five years toward the purchase of such hearing aid, available to: 1) individuals age 55 and older or 2) those purchasing a hearing aid for a dependent, with an adjusted gross income of $200,000 or less. The House bill had 63 co-sponsors at the adjournment of the session. In the Senate, the “Hearing Aid Assistance Tax Credit,” S.905, which contained no income or age restrictions was introduced by Senators Tom Harkin (D-IA) and Olympia Snowe (R-ME), and garnered 10 co-sponsors.
In 2010, the Michigan Senate passed SB 403, which sought to create a tax credit of up to $1,500 for those aged 60 or over or a taxpayer with a dependent, with an income less than $100,000. Though the bill was not taken up in the House, the hearing healthcare community sees this action as significant progress on this issue. Read IHS’ letter to Michigan House members urging their support for SB 403.
TAKE ACTION NOW!
Email your legislators to urge their support for the Hearing Aid Tax Credit
- AG Bell Association for the Deaf and Hard of Hearing
- Academy of Doctors of Audiology
- American Academy of Audiology
- American Speech-Language Hearing Association
- Deaf and Hard of Hearing Alliance
- Deafness Research Foundation
- Hearing Industries Association
- Hearing Loss Association of America
- International Hearing Society