Bill > S2058

This bill establishes a tax credit for the purchase of hearing aids in Massachusetts, allowing taxpayers to claim a credit of up to $3,500 for qualified hearing aids under specific conditions. The credit applies to hearing aids purchased by individuals who are 55 or older, taxpayers who provide more than half the annual support for a person with a hearing disability, or individuals with a disability requiring a hearing aid. To be eligible, taxpayers must elect to claim the credit, and they cannot make this election for more than one taxable year out of every five consecutive years. The credit can only be claimed for hearing aid expenses not already covered by insurance or other means, providing financial relief for those with hearing-related needs. By offering this tax incentive, the bill aims to make hearing aids more affordable and accessible for Massachusetts residents who require these medical devices.

Budget and Finance

https://malegislature.gov/Bills/194/S2058