SAFES Act

The SAFES Act creates a federal tax credit for individuals who purchase gun safes, allowing them to deduct 90% of the cost, up to $500 per person or $1,000 for joint returns. For purchases made before 2030, any qualifying gun safe qualifies; after 2029, only safes meeting standards set by the Secretary of Health and Human Services (HHS) will be eligible, based on an HHS report required within five years of enactment. The bill prohibits requiring taxpayers to disclose firearm ownership details to claim the credit. This policy directly affects individual firearm owners seeking to reduce tax liability through safe storage purchases.