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.