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Tax Credit for Family Caregivers: Financial Support for Working Individuals

This bill introduces a new tax credit for individuals who provide care for family members with long-term care needs. It aims to help working caregivers cover some of the expenses related to care, such as assistance, equipment, or transportation costs, and to compensate for lost wages.
Key points
New Tax Credit: You can deduct 30% of qualified care expenses exceeding $2,000, up to a maximum of $5,000 per year.
Who Qualifies: Working individuals caring for a spouse, child, or other family member with certified long-term care needs (lasting at least 180 consecutive days).
Qualified Expenses: Include assistance with daily activities, equipment, home modifications, transportation, and even lost wages due to caregiving.
Income Limitations: The credit will be gradually reduced for higher-income individuals – above $75,000 for single filers and $150,000 for joint filers.
Documentation Required: To claim the credit, you must include the name and taxpayer identification number of the care recipient, and the identification number of the licensed health care practitioner who certified their care needs.
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Additional Information
Print number: 118_HR_7165
Sponsor: Rep. Carey, Mike [R-OH-15]
Process start date: 2024-01-31
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Credit for Caring Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7165.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-01-31.

What are the main provisions?

Key points include:

  • New Tax Credit: You can deduct 30% of qualified care expenses exceeding $2,000, up to a maximum of $5,000 per year.
  • Who Qualifies: Working individuals caring for a spouse, child, or other family member with certified long-term care needs (lasting at least 180 consecutive days).
  • Qualified Expenses: Include assistance with daily activities, equipment, home modifications, transportation, and even lost wages due to caregiving.
  • Income Limitations: The credit will be gradually reduced for higher-income individuals – above $75,000 for single filers and $150,000 for joint filers.
  • Documentation Required: To claim the credit, you must include the name and taxpayer identification number of the care recipient, and the identification number of the licensed health care practitioner who certified their care needs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Carey, Mike [R-OH-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Family Health