SAFES Act

The SAFES Act creates a federal tax credit allowing individuals to deduct 90% of the cost of purchasing new gun safes, with a yearly limit of $500 ($1,000 for joint returns). It requires the Health and Human Services Secretary to publish a report within 5 years identifying gun safe types proven effective at preventing unauthorized access, which will determine eligibility for the credit after 2030. The credit applies only to new safes (not used ones) and prohibits requiring taxpayers to disclose firearm ownership details to claim the benefit. This policy directly affects individual firearm owners purchasing qualifying new safes for tax savings.