Bill > A5776

Introduced Session

This bill provides a gross income tax credit to qualified caregivers who pay or incur qualified care and support expenses for the care and support of a qualifying senior parent. Specifically, a qualified caregiver would be allowed to claim a gross income tax credit in an amount not to exceed $10,000 in each taxable year for qualified care and support expenses paid or incurred by the qualified caregiver during the taxable year for the care and support of a qualifying senior parent. The credit may also be claimed in addition to the dependent deduction that may be received by the qualified caregiver for claiming the qualifying senior parent as a dependent on the qualified caregiver's gross income tax return. The bill also provides that the tax credit would be refundable, meaning that if the credit reduces the qualified caregiver's tax liability to an amount less than zero, the remainder of the credit would be refunded to the caregiver as an overpayment of tax. The bill further provides that a qualified caregiver is eligible to receive the refundable credit, even if the caregiver has gross income below the statutory minimum subject to tax. The bill defines a "qualifying senior parent" as an individual who is: (1) 60 years of age or older and is a mother or father by consanguinity, or is a mother or father in an adoptive relationship, to the qualified caregiver or the qualified caregiver's spouse or partner to a civil union or domestic partnership; or (2) 50 years of age or older and is a mother or father by consanguinity, or is a mother or father in an adoptive relationship, to the qualified caregiver or the qualified caregiver's spouse or partner to a civil union or domestic partnership, and who qualifies for Social Security Disability Insurance and has gross income for the taxable year not in excess of the New Jersey Elder Economic Security Standard Index. The bill generally defines "qualified care and support expenses" as the expenses paid or incurred during the taxable year for the purchase, lease, or rental of tangible personal property and services that are necessary to allow the qualifying senior parent to be maintained within or at the qualified caregiver's or the qualifying senior parent's permanent place of abode in this State, but does not include expenses that are reimbursed by insurance or by a program administered by the State or federal government.

Committee Categories

Greg McGuckin (R)*, 

Introduced, Referred to Assembly Aging and Human Services Committee (on 06/12/2025)

Official Document