A bill to amend the Internal Revenue Code of 1986 to provide an income tax credit for eldercare expenses.
Americans Giving Care to Elders (AGE) Act of 2021
This bill allows a tax credit for a portion of a taxpayer's expenses for eldercare.
The credit applies to expenses to care for certain relatives or members of the taxpayer's household who have attained the age of 65 and require assistance with activities of daily living.
Eldercare expense include amounts paid for:
The amount of eldercare expenses incurred during any year that may be taken into account for the credit may not exceed $6,000.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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