Credit Caring Act

In May 2017, the Credit for Caring Act was
introduced in the U.S. House and Senate.
The purpose of the proposed bill is to amend
the Internal Revenue Code of 1986 to provide a
nonrefundable credit for working family
caregivers.
The bill (if passed) would increase the available
tax credit for family caregivers up to $3,000 in
a taxable year.

This tax credit would provide eligible family
caregivers caring for loved ones of all ages with
some financial relief and help them pay for
services such as in-home care, adult day care,
respite care, and other support services.

The act would help save family
caregivers money by offering a federal
tax credit of up to $3,000. This bill would
amend the IRS Code to allow an eligible
caregiver a new tax credit for 30% of the
cost of long-term care expenses that
exceed $2,000, up to $3,000 in a taxable
year.
What will the Credit for Caring Act Do?

The bill defines “eligible caregiver” as an
individual who has earned income for the
taxable year in excess of $7,500 and
pays or incurs expenses for providing
care to a spouse or other dependent
relative with long-term care needs.

Senators Joni Ernst (R-IA), Michael
Bennet (D-CO), Shelley Moore Capito (R-
WV), and Elizabeth Warren (D-MA), and
Representatives Tom Reed (R-NY) and
Linda Sánchez (D-CA) introduced the bill
in the House and Senate respectively. A
similar bill was proposed during the last
congressional year but did not make it to
a vote.
Who Introduced the Bill?

The title of the bill is the Credit for
Caring Act. In the Senate the bill number
is S. 1151 and H.R. 2505 in the House.
You can check for status updates at
Congress.gov.
How Can I Track the Bill?

To find out who would be eligible
for the tax credit
please visit
www.CaringVillage.com

Credit Caring Act

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