A bill to amend the Internal Revenue Code of 1954 to provide individuals a refundable credit against income tax for maintaining a household member of which is an individual who has attained the age of sixty-five.

Amends the Internal Revenue Code to allow a refundable income tax credit for household expenses to any taxpayer who maintains a household in which a dependent aged 65 or over resides. Limits such credit to $250 for each aged dependent for the taxable year.