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S. 925119th CongressIn committeeLatest action Mar 11, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
Working caregivers could claim a federal tax credit of up to $5,000 for costs of caring for a sick or disabled family member.
45-second read · 4 questions answered below
This bill would create a federal tax credit equal to 30% of qualifying caregiving expenses above $2,000, capped at $5,000 and rising over time with medical costs. Covered expenses include in-home aides, home modifications, transportation, medical equipment, respite care, counseling, and lost wages from unpaid caregiving leave, as long as they aren't already claimed under other tax benefits.
It would mainly affect working adults, often middle-aged, who care for a spouse or close relative with a certified need for substantial daily help for at least 180 days. Caregivers must earn at least $7,500 annually, and the credit phases out for individuals earning above $75,000 or couples above $150,000.
Because this works through the tax system rather than direct payments, caregivers would need to meet certification and income requirements and keep documentation to reduce what they owe in federal income tax.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Finance.