Multigenerational Family Tax Credit Act of 2026

This bill would create a federal income tax credit for money spent improving the safety, mobility, or accessibility of a taxpayer's main home to support a relative who lives there. The relative must be age 65 or older or disabled and must live with the taxpayer for more than half the year. The credit would be capped at $8,000 per year, adjusted for inflation after 2027, and would be reduced for taxpayers with modified adjusted gross income above $200,000 ($400,000 for joint filers). Half of the credit would be refundable, and the credit would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Luz M. Rivas Democrat sponsor
• 0 cosponsors