Bill > S925

This bill introduces the Credit for Caring Act of 2025, which establishes a new tax credit for working family caregivers who provide financial and personal support to individuals with long-term care needs. The credit allows eligible caregivers to claim 30% of qualified caregiving expenses exceeding $2,000, with a maximum annual credit of $5,000. To qualify, caregivers must have earned income over $7,500 and be providing care for a spouse, family member, or other qualified care recipient who has been certified by a licensed healthcare practitioner as having long-term care needs for at least 180 consecutive days. Qualified expenses include a broad range of support services such as human assistance, assistive technologies, home modifications, transportation, respite care, counseling, and lost wages due to caregiving. The credit phases out for taxpayers with modified adjusted gross incomes above $150,000 for joint returns or $75,000 for other filers, with annual adjustments for inflation. This bill aims to provide financial relief and recognition for working individuals who take on significant caregiving responsibilities for family members with long-term care needs, acknowledging the substantial personal and economic challenges of family caregiving.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/925/all-info