A bill to amend the Internal Revenue Code of 1986 to establish a credit for adult child caregivers.
Summary
What This Bill Does
The bill amends the Internal Revenue Code to create a new Section 25F establishing a $2,000 tax credit for individuals who provide at least 10 hours per week of in-home care to aging family members (age 55+) who cannot perform and establishes detailed eligibility requirements for the $2,000 multigenerational home caregiver tax credit: caregiver must be 18+ (or 16+ if emancipated), U.S. It relies on tax credits and reporting requirements. The main policy areas are Taxation, Healthcare, and Social Welfare.
Who Benefits and How
Family caregivers providing in-home elder care could gain revenue opportunities, Family caregivers of aging relatives living in multigenerational households could gain revenue opportunities, and Middle-income families with elderly dependents (AGI under $275,000) could see lower costs.
Who Bears the Burden and How
Federal government (Treasury) could face higher costs, IRS/Treasury Department would take on compliance duties, and Licensed healthcare providers (physicians, nurses) would take on compliance duties.
Key Provisions
- Amends the Internal Revenue Code to create a new Section 25F establishing a $2,000 tax credit for individuals who provide at least 10 hours per week of in-home care to aging family members (age 55+) who cannot perform...
- Establishes detailed eligibility requirements for the $2,000 multigenerational home caregiver tax credit: caregiver must be 18+ (or 16+ if emancipated), U.S.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill amends the Internal Revenue Code to create a new Section 25F establishing a $2,000 tax credit for individuals who provide at least 10 hours per week of in-home care to aging family members (age 55+) who cannot perform and establishes detailed eligibility requirements for the $2,000 multigenerational home caregiver tax credit: caregiver must be 18+ (or 16+ if emancipated), U.S.
Key Policy Areas
Taxation, Healthcare, Social Welfare
Primary Purpose
The bill amends the Internal Revenue Code to create a new Section 25F establishing a $2,000 tax credit for individuals who provide at least 10 hours per week of in-home care to aging family members (age 55+) who cannot perform and establishes detailed eligibility requirements for the $2,000 multigenerational home caregiver tax credit: caregiver must be 18+ (or 16+ if emancipated), U.S.
Policy Domains
Section 1 - Findings
Identified Gains
- Family caregivers providing in-home elder care
- Family caregivers of aging relatives living in multigenerational households
- Middle-income families with elderly dependents (AGI under $275,000)
- Low-to-middle income families (AGI under $75,000 single/$150,000 joint)
- Older adults (age 55+) requiring assistance with daily living activities
Identified Costs
- Federal government (Treasury)
- IRS/Treasury Department
- Licensed healthcare providers (physicians, nurses)
- Healthcare providers required to provide attestation
Sponsors
Peter Welch
D-VT | Primary Sponsor
Legislative Progress
In CommitteeMr. Welch (for himself and Mr. Scott of Florida) introduced …
Read twice and referred to the Committee on Finance.
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Higher income families (AGI over $275,000), Low-to-middle income families (AGI under $75,000 single/$150,000 joint), Middle-income families with elderly dependents (AGI under $275,000)
Family caregivers of aging relatives living in multigenerational households, Family caregivers providing in-home elder care
Federal government (Treasury), IRS/Treasury Department
Healthcare providers required to provide attestation, Licensed healthcare providers (physicians, nurses)
Older adults (age 55+) requiring assistance with daily living activities
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → Secretary of the Treasury
- "secretary_of_hhs"
- → Secretary of Health and Human Services
Key Definitions
Terms defined in this bill
A U.S. citizen age 18+ (or 16+ if emancipated) who lives with a qualified relative for 6+ months/year, provides 10+ hours/week of care, and obtains healthcare provider attestation
An individual age 55+ who is the taxpayer's parent, grandparent, or in-law, unable to perform at least 1 ADL and 3 IADLs requiring 10+ hours/week assistance for 180+ days
Includes meal planning/preparation, managing finances, shopping, household chores, communicating by phone/media, and traveling/participating in community
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology