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United States · Bill · HR

H.R. 7676 (117th)

Home Modification for Accessibility Act of 2022

referredUnited States· United States Congress· EN

Introduced

6 May 2022

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Home Modification for Accessibility Act of 2022 This bill allows distributions from a tax-exempt retirement plan, without penalty, for retirement home improvements to an individual's primary residence to improve for aging or disabled adults the accessibility, security, or safety of such residence. The bill limits the amount of such distributions to $30,000 for all taxable years. The bill also excludes the amount of such distributions from the recipient's gross income, for income tax purposes, and allows a deduction for a taxpayer's retirement home improvement expenditures.

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Documents

3 official files

Introduced in House (text)

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Sources

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