Bill > HR258

This bill amends the Internal Revenue Code of 1986 to provide a tax credit for expenses incurred by individuals for household and elder care services that are necessary for their gainful employment. The credit is calculated as a percentage of the employment-related expenses, with the percentage reduced as the individual's adjusted gross income increases above $15,000. The bill defines "qualifying individuals" as those aged 50 or older who are related to the taxpayer or are unable to care for themselves, and "employment-related expenses" as costs for household services and care of qualifying individuals, subject to certain limitations. The credit is available to married couples filing jointly, with special rules for certain married individuals living apart. The bill also requires the taxpayer to provide identifying information for the service provider and any qualifying individual.

Budget and Finance

https://www.congress.gov/bill/117th-congress/house-bill/258/all-info