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Congress·In Committee·3 months ago

Bipartisan Senate Bill Proposes $2,000 Tax Credit for Americans Caring for Aging Relatives at Home

Legislative Progress

✓ Filed
Review
Senate
House
President

Impact Analysis

Scores: 1 = low, 5 = highSentiment: -5 to +5 (net benefit)

Key Points

  • This bill, introduced by Senators Welch and Scott, would create a new $2,000 tax credit for people who take care of older family members in their own homes. The goal is to support families who choose to live together and provide care themselves rather than using nursing homes or professional services.
  • To get the credit, you must be at least 18 years old and live with a relative who is 55 or older for at least six months of the year. You also need to provide at least 10 hours of help each week with tasks like cooking, shopping, managing money, or personal care like bathing and dressing.
  • A doctor or healthcare provider must sign a form confirming that your relative needs help with daily activities. The relative must have needed this help for at least six months, or be expected to need it for the rest of their life.
  • The full $2,000 credit is available to people making up to $75,000 a year, or $150,000 for married couples filing together. If you make more than that, the amount of the credit slowly goes down. You can claim this credit for up to two relatives living in your home.
  • If this bill becomes law, the new tax credit would start for the tax year beginning in 2027. This means families would see the benefit when they file their taxes in early 2028.
TaxesHealthcare

Milestones

2 milestones2 actions
Dec 2, 2025Senate

Read twice and referred to the Committee on Finance.

Dec 2, 2025

Introduced in Senate

Related News

3 articles
Federal Newswire·3 months ago

Scott and Welch introduce bill offering tax credit for family caregivers

Senators Rick Scott and Peter Welch introduced the Multigenerational Home Caregiver Credit Act, a bipartisan bill offering a $2,000 tax credit to adults providing in-home care for aging family members to ease financial strain from rising health care costs.

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Tampa Free Press·2 months ago

'Are You Well?': Florida Sen. Rick Scott Breaks Down Year Of Fighting Scams And Foreign Drug Reliance

In a review of 2025 legislative efforts, Senator Rick Scott highlighted his co-sponsorship of the Multigenerational Home Caregiver Credit Act, designed to offer financial relief to families providing care for aging relatives at home.

R+
Fox Business·over 1 year ago

Trump announces support for tax breaks for family caregivers

During a campaign rally, Donald Trump announced a new policy proposal to support a tax credit for family caregivers who take care of a parent or loved one, noting the need to recognize unpaid family caregivers through tax credits and reduced red tape.

R+

Source Information

Document Type

Congressional Bill

Official Title

A bill to amend the Internal Revenue Code of 1986 to establish a credit for adult child caregivers.

Bill NumberS 3295
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.

Sponsor

Cosponsors

(1)
R: 1

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.