House bill HR7165-118

Ways and Means Committee

Credit for Caring Act of 2024

• Last activity on Jan 31, 2024

• Introduced Jan 31, 2024

• By Rep. Carey, Mike [R-OH-15]

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Main Subject: Taxation

Credit for Caring Act of 2024

This bill allows an eligible caregiver a tax credit of up to $5,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines eligible caregiver as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.

House floor actions Actions

IntroReferral
Jan. 31 2024	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Jan. 31 2024	Introduced in House Introduced in House

House bill HR7165-118

Credit for Caring Act of 2024

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