Senior Accessible Housing Tax Credit Act of 2026

This bill establishes the Senior Accessible Housing Tax Credit, allowing eligible individuals aged 60 or older to claim a tax credit for expenses incurred to make their primary residence more accessible. To qualify, individuals must be at least 60 years old and not a nonresident alien; for joint filers, at least one spouse must meet the age requirement. The credit covers "qualified accessible housing expenses," which include modifications like installing wheelchair ramps , widening doorways , installing handrails or grab bars , and replacing bathroom fixtures , all aimed at improving a senior's ability to live safely and independently. These expenses also encompass associated labor costs for installation within a qualified U.S. residence. A maximum credit of $10,000 per taxable year is allowed, but it is subject to an income-based phase-out, reducing for taxpayers whose modified adjusted gross income exceeds thresholds like $200,000 for joint filers or $100,000 for single filers. The bill prevents claiming other tax benefits for these same expenses and reduces the property's basis by the credit amount, with provisions taking effect for taxable years beginning after December 31, 2026.