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S. 1670

BillFederalSenateIn Committee
Credit for Caring Act of 2021
About This Bill
Committee
Latest Action · May 18, 2021
Read twice and referred to the Committee on Finance.
Congress
117th (2021–2023)
Introduced
May 18, 2021
Cosponsors (22)
18D 3R
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Summary

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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.

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