AGE Act of 2026

This bill would create a new federal income tax credit for money people spend caring for an older relative or household member who is 65 or older and needs help with daily activities. The credit would equal 20 percent of eligible eldercare expenses, reduced by 1 percentage point for each $4,000 of adjusted gross income above $120,000. Eligible expenses include medical care, adult day services, personal care, respite care, assistive devices, home modifications, and caregiver training, up to $6,000 per year. Taxpayers would have to report identifying information for care providers and the person receiving care, and could not claim the same expense under the existing dependent care credit. The credit would apply to tax years beginning after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Amy Klobuchar Democrat sponsor
• 1 cosponsors