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H.R. 2505

BillFederalHouseIn Committee
Credit for Caring Act of 2017
About This Bill
Committee
Latest Action · May 17, 2017
Referred to the House Committee on Ways and Means.
Congress
115th (2017–2019)
Introduced
May 17, 2017
Cosponsors (26)
18D 8R
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Summary

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Credit for Caring Act of 2017 This bill amends the Internal Revenue Code to allow an eligible caregiver a new tax credit for 30% of the cost of long-term care expenses that exceed $2,000, up to $3,000 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.

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