Bill > H4167

This bill amends South Carolina's income tax code to allow taxpayers to deduct 20% of medical expenses they incur on behalf of another person for dementia treatment or care. The deduction covers a wide range of medical services, including in-home treatment, inpatient care centers, and hospice care, specifically for individuals with Alzheimer's disease or other forms of dementia. These expenses are eligible for the deduction even if they are not covered by insurance or Medicare. The South Carolina Department of Revenue will be responsible for creating rules to implement this new tax deduction. The bill will take effect upon the Governor's approval and will first apply to tax years beginning after 2024, providing taxpayers with a new financial option to help offset the often significant costs associated with dementia care for family members or other individuals.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=4167&session=126&summary=B