Bill > HB2948

This bill, known as the "Caregiver Tax Credit Act," establishes a new tax credit for eligible caregivers in Missouri, starting with tax years beginning on or after January 1, 2027. An "eligible caregiver" is a resident individual providing ongoing assistance to a family member, an "eligible care recipient," who is either over 60 years old or under 60 with a physical or developmental disability requiring daily help. The tax credit can be claimed for "qualified expenses," which are documented caregiving costs like adult day program fees, in-home care services, transportation for medical needs, respite care, and supplies or equipment for daily living support. The credit amount is the greater of $1,000 or the total qualified expenses, capped at $1,500 per tax year, and it is refundable, meaning taxpayers can receive it even if they owe no tax. Caregivers must provide documentation of their residency, ongoing care, and either claim the recipient as a dependent or demonstrate regular caregiving responsibility. The Department of Revenue will establish rules for verification, simplified reporting, and fraud prevention, and will also produce educational materials and an annual report on the program's impact, with the program set to sunset six years after its effective date unless reauthorized.

https://house.mo.gov/Bill.aspx?bill=HB2948&year=2026&code=R