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How to Lower Taxes Making Home Improvements 🏠

Updated: Oct 7, 2023

How to Lower Your Taxes by Making Home Improvements?


MORE ABOUT The Accessible Homes Act

The Accessible Homes Act Would allow

· Penalty-free early retirement withdrawals (IRAs, 401ks) towards home modifications for Aging-in-Place items, including:

o upgraded lighting

o curbless showers

o ramps & doorhandles

o technology installations

o and MORE… The US NEEDS THIS BILL

· 77% of Seniors want to Age-in-Place (AARP)

BUT ONLY

· 10% of US Homes are Aging-Ready (US CENSUS)

The Accessible Homes Act PROMOTES AGING-in-PLACE

💪🏽 Has the power to overcome cost-related obstacles to home modifications for Aging-in-Place 🏠Will increase the number of American houses prepared for residents of the modern lifespan The Accessible Homes Act INCREASES HOME VALUE 🚿Upgrade your bathroom with a curbless shower & Universal Design fixtures. 💡Upgrade your kitchen with sliding drawer cabinets and bright lighting


The Accessible Homes Act Saves Lives

👷🏽‍♀️Install more grab bars. 💺Put in a stairlift.

  • Reduces the number of Home injuries and Fatalities

  • Reduces Emergency room visits & Nursing Home admissions & costs

Falls account for 40% of all nursing home admissions, & nearly half of those admitted do not return to independent living. - AgeSafe America


The Accessible Homes Act Saves Money

“The cost of lost tax revenues will be balanced by people falling less, fewer injuries, and fewer trips to the hospital, all of which cost the government money.” --HomesRenewed Coalition Support The Accessible Homes Act

TAKE ACTION 1) CONTACT YOUR LOCAL REPRESENTATIVE

2) Visit ageinplace.org/advocacy for more information about the efforts to support incentives for Home Modifications.


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