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Creates a new federal tax credit for working family caregivers that covers 30% of qualified caregiving expenses above a $2,000 threshold, subject to statutory limits, income phaseouts, and documentation rules. The credit defines who qualifies as a caregiver and a care recipient, what counts as qualified caregiving expenses, and establishes reporting and certification requirements; it applies to taxable years beginning after December 31, 2024.
Read twice and referred to the Committee on Finance.
Introduced March 11, 2025 by Shelley Moore Capito · Last progress 11 months ago