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United States · Bill · S

S. 3702 (118th)

Credit for Caring Act of 2024

referredUnited States· United States Congress· EN

Introduced

31 January 2024

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

11 December 2025

Summary

Credit for Caring Act of 2024 This bill allows an eligible caregiver a tax credit of up to $5,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines eligible caregiver as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.

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Versions

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Documents

3 official files

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Sources

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