S.1670: Credit for Caring Act of 2021

About This Bill

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Bill Version

Bill Summary

Credit for Caring Act of 2021 This bill allows an eligible caregiver a tax credit of up to $5,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines eligible caregiver as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.

(Source: Library of Congress)

Bill Actions

Date Description
May 18, 2021
Read twice and referred to the Committee on Finance.
May 18, 2021

Introduced in the Senate by Joni Ernst (R-Iowa)

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