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Nov 6, 2026
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Library of Congress
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Report
CRS summarizes S. 4647, a bill for an elder-care tax credit
The bill would create a nonrefundable federal tax credit equal to 20% of eligible expenses for caring for certain people age 65 or older, capped at $6,000 in expenses per year. The credit would begin to phase out when a taxpayer’s adjusted gross income exceeds $120,000.
Importance
Routine
Why it matters
The summary describes a proposed tax benefit for taxpayers who incur eligible expenses caring for older adults.
Institutions
Library of CongressCongressional Research Service
Audience
Tax advisorsPolicymakers
Tags
TaxationSocial welfare
References
- Bill: 119-s-4647
- Bill mentioned: S 4647