Monday, December 7, 2009

Hearing Aid Bill

The Hearing Aid Tax Credit Act is not part of the current healthcare reform legislation. However, the measure is slowly moving through Congress. There is a difference between the House of Representatives and the Senate bills. The House version (H.R. 1646) would provide a tax credit towards the purchase of each hearing aid of up to $500 for each aid. That money would be available once every five years to people age 55 and over or for those buying a hearing aid for a dependent. It excludes people making more than $200,000 a year. The Senate bill (S. 1019) gives the same $500 credit but cover all age groups.