summary
Introduced
05/14/2019
05/14/2019
In Committee
05/14/2019
05/14/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to provide a nonrefundable credit for working family caregivers. This bill allows an eligible caregiver a tax credit of up to $3,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. 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.
AI Summary
This bill, the Credit for Caring Act of 2019, allows an eligible caregiver (an individual with earned income over $7,500 who pays or incurs expenses to care for a spouse or dependent relative with long-term care needs) to claim a nonrefundable tax credit of up to $3,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines qualified expenses broadly to include things like human assistance, assistive technologies, home modifications, and transportation costs related to caregiving. 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 dollar amounts are indexed for inflation.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to the House Committee on Ways and Means. (on 05/14/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/2730/all-info |
| BillText | https://www.congress.gov/116/bills/hr2730/BILLS-116hr2730ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr2730/BILLS-116hr2730ih.pdf.pdf |
Loading...