S. 3702118th CongressSenate Bill

Credit for Caring Act of 2024

Introduced in the SenateDead

This bill died when its Congress ended.

Bills don't carry over between Congresses. Without re-introduction in a new session, it cannot advance.

The Credit for Caring Act allows working people who pay for long-term care to reduce their taxes. A caregiver can claim a tax credit of up to $5,000 for 30% of care costs above $2,000 per year, but only if they earned at least $7,500 that year. The bill covers care for a spouse or dependent relative with long-term care needs.

  • Provides up to $5,000 tax credit covering 30% of eligible long-term care expenses
  • Requires caregiver to earn at least $7,500 in taxable year to qualify
  • Covers care costs exceeding $2,000 annually for spouse or dependent relatives
  • Applies only to individuals paying or incurring long-term care expenses
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Introduced Jan 31, 2024
1
Introduced

Filed in the Senate

2
Passed Senate
3
Passed House
4
Became Law

This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.

Who introduced this

Michael Bennet

Michael Bennet

Democrat

U.S. Senator · CO

Bipartisan — 17 cosponsors (11 D, 3 R, 3 I)

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