A bill to amend the Internal Revenue Code of 1954 to provide individuals a refundable credit against income tax for maintaining a household for certain individuals who are related to the taxpayer and have attained the age of 65.
Tax Credit for the Care of the Elderly Act of 1981 - Amends the Internal Revenue Code to allow individual taxpayers who maintain a household which includes a relative of the taxpayer who has attained age 65 a refundable income tax credit of $400 for the taxable year. Requires that the taxpayer's household constitute the principal place of residence for the aged relative for more than half of the taxable year.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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