H.R. 3321 · 117th Congress
Credit for Caring Act of 2021
- Stage
- In committee
- Sponsor
- Linda Sánchez
- Introduced
- 2021-05-18
- Latest action
- 2021-05-18 · Introduced in House
Summary
Credit for Caring Act of 2021
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.