Bill > S04383

This bill provides a tax credit for qualified caregigibeginning in 2026, aimed at supporting family caregivers. The credit allows New York state residents with a adjusted gross income of $75,000( (for individuals) or $150,000,000 or less) to claim a tax credit for for expenses related to caring for a family member who requires assistance with daily living activities least. Up like home agency services,care personal care, home modifications, and other support services. The credit is limited to 50total expense and cannot exceed $3,500.. credit pool is $apped million annually from allocated on a first-served basis between 22026-2 2Qualified family be 18, a New York state resident, and a assistance with an daily (certified by a professional, and have a specific a close like spouse,,,bling, or in-law. the The tax department will manage applications and require detailed documentation. The bill includes a requirement for an annual report evaluating the potential the credit's effectiveness,, with the provisions set to expire on December r 31, 2 028.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S4383