An Act establishing a tax credit for the purchase of hearing aids

This bill creates a state tax credit in Massachusetts to help offset the cost of buying hearing aids. It directly affects taxpayers who are 55 or older, those caring for a disabled family member needing hearing assistance, or anyone with a dependent eligible for a tax deduction. Under the new rules, eligible individuals can claim a credit equal to the amount they paid for a hearing aid, up to a maximum of $1,500 per year. To use the credit, a taxpayer must actively elect to apply it for that specific tax year, and they cannot claim it if they already used it in the four preceding years.