Mobility Means Freedom Tax Credit Act
The Mobility Means Freedom Tax Credit Act would create a new tax credit designed to help individuals pay for mobility devices. The credit would allow a taxpayer to claim 50% of the costs paid or incurred in the tax year for a “qualified mobility device,” with a cap of up to three devices per year. Qualified devices include common mobility aids such as manual or power wheelchairs, scooters, walkers, canes, braces, artificial limbs, and similar enhancements. The bill also prevents double benefits by reducing any other deduction or credit for the same expense. It adds a new section (36C) to the Internal Revenue Code and updates cross-references to reflect this new credit; the credit would apply to amounts paid or incurred after enactment. The text does not clearly state that the credit is refundable, so it would likely function as a nonrefundable credit against tax liability unless Congress specifies otherwise later.
Key Points
- 150% credit amount: The credit equals 50% of the amounts paid or incurred in the taxable year for a qualified mobility device.
- 2Qualified mobility devices: Includes wheelchairs (manual or power), scooters, walkers, gait trainers, crutches, canes, artificial limbs or arms, leg/arm/back/neck braces, and any features or enhancements to these devices.
- 3Per-year limit: The credit is limited to 3 qualified mobility devices per taxable year.
- 4No double benefit: Expenses claimed for the mobility device credit cannot also be claimed as a deduction or another credit; the deduction/credit would be reduced by the amount of the mobility device credit.
- 5Administration and effective date: The bill amends the IRS code to add Sec. 36C and updates related cross-references. The credit applies to amounts paid or incurred after enactment of the law.