S.1443: Credit for Caring Act of 2019

Overview

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.

Our Stance

Watching

Priority

Medium

Bill Number

S.1443

Date Introduced

May 14, 2019

Committee

Senate Finance Committee

Bill Status

Introduced or Prefiled

Sponsor

Sen. Joni Ernst