Tax credits for family caregivers.

Authors: Representative Sharon Negele

Co-authors: Representative Edward Clere, Representative Holli Sullivan


Provides a tax credit for certain expenses incurred by a taxpayer to: (1) make an improvement or alteration to the taxpayer's residence; or (2) purchase or lease equipment; that is necessary to assist an eligible family member (an elderly lineal ancestor) in carrying out one or more activities of daily living. Provides that the taxpayer claiming the credit must have a federal adjusted gross income of less than $40,000 and that the eligible family member must: (1) have the same principal place of abode as the taxpayer; (2) have federal adjusted gross income of less than $30,000; and (3) not be receiving long term care services under certain programs. Specifies that the amount of the credit is equal to 50% of the eligible expenses incurred by the taxpayer during the taxable year. Provides that the maximum credit amount is $500. Specifies that a taxpayer is not entitled to a refund, carryback, or carryforward of any credit.