Bill > S1443

This bill, the Credit for Caring Act of 2019, would amend the Internal Revenue Code to provide a nonrefundable tax credit of up to $3,000 for eligible working family caregivers. An "eligible caregiver" is an individual who has earned income exceeding $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs. The credit covers 30% of qualified expenses, such as costs for human assistance, assistive technologies, home modifications, and respite care, that exceed $2,000 in a taxable year. The credit phases out for taxpayers with modified adjusted gross incomes above $150,000 for joint filers or $75,000 for other filers, and the credit amount is indexed for inflation.