Bill > H3018

This bill proposes to create a new income tax credit for Massachusetts taxpayers who provide substantial support to elderly or Alzheimer's-affected relatives. Specifically, the bill allows a $600 tax credit for individuals who have provided more than half the financial support for a relative aged 70 or older, or a relative with total disability due to Alzheimer's disease, under certain conditions. To qualify, the relative must have lived with the taxpayer for more than six months of the tax year and have an adjusted gross income below $20,000 for single returns or $35,000 for joint returns. Uniquely, if the credit reduces the taxpayer's tax liability to zero, they will receive a refund for the remaining credit amount. This legislation aims to provide financial relief and support for family members who take on caregiving responsibilities for elderly or chronically ill relatives, recognizing the significant personal and economic contributions of family caregivers.

Budget and Finance

https://malegislature.gov/Bills/194/H3018