Bill > S764

This bill establishes the family caregiver tax credit in Massachusetts. The key provisions are: 1. The credit is available to taxpayers who are "family caregivers" - residents with a Massachusetts adjusted gross income below $75,000 (individual) or $150,000 (couple) who incur uncompensated expenses related to caring for an "eligible family member" (someone 18+ who requires assistance with at least one activity of daily living and qualifies as a dependent, spouse, parent, or other relation). 2. The credit is worth 100% of eligible expenses, up to a maximum of $1,500 per eligible family member. Eligible expenses include home modifications, equipment, and other goods/services that assist the caregiver in providing care. 3. The credit is refundable, meaning taxpayers can receive the full credit amount even if they don't owe state income taxes. 4. Every 5 years, a Caregiver Tax Credit Evaluation Committee will review the credit's purpose, effectiveness, and costs to determine if it should be continued, modified, or terminated. 5. The credit applies to taxable years beginning on or after January 1 following the date the bill is enacted.

Health and Social Services

https://malegislature.gov/Bills/193/S764