Bill > SB205

This bill creates a new nonrefundable income tax credit for family caregivers in Ohio who provide care for eligible family members. To qualify, the family caregiver must be an Ohio resident with an adjusted gross income between $7,500 and $94,000 (depending on filing status), and must incur at least $1,000 in out-of-pocket expenses directly related to caring for an eligible family member. An eligible family member is at least 50 years old, requires assistance with at least two activities of daily living (such as bathing, feeding, or dressing), and lives in a private home. Eligible expenses include home modifications, vehicle adaptations, medical equipment, respite care, transportation, and other direct care costs. The credit allows caregivers to claim 30% of their eligible expenses, up to a maximum of $2,000 per year. If the credit exceeds the taxpayer's tax liability, the excess can be carried forward to future tax years. The bill also adds this new family caregiver credit to the existing list of tax credits and specifies that it applies to taxable years ending on or after the bill's effective date. The purpose is to provide financial support to individuals who are caring for aging or disabled family members at home.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/sb205