Bill > S2060

This bill proposes to amend Chapter 62 of the Massachusetts General Laws to establish a new tax credit for individuals who are caring for elderly or disabled relatives. Specifically, taxpayers can claim a $2,500 tax credit if they provide more than half the financial support for a relative who is either 70 years or older, or who has been diagnosed with Alzheimer's Disease or Dementia. To qualify, the relative must have lived with the taxpayer for more than six months during the taxable year. Notably, if the tax credit reduces the taxpayer's tax liability to zero, they will be eligible to receive a refund for the remaining credit amount. This legislation aims to provide financial relief and support for families providing care for aging or cognitively impaired relatives, recognizing the significant personal and economic challenges involved in such caregiving situations.

Budget and Finance

https://malegislature.gov/Bills/194/S2060