S.1443: Credit for Caring Act of 2019
The Credit for Caring Act (S. 1443) would allow an eligible caregiver a tax credit of up to $3,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill would define an “eligible caregiver” as an individual who has earned income for the taxable year above $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.
H.R. 2730 is the House companion bill introduced by Rep. Linda Sanchez.