Credit for Caring Act of 2025 provides a tax credit for working family caregivers.

The Credit for Caring Act of 2025 amends the Internal Revenue Code to introduce a tax credit for working family caregivers. The credit is equal to 30 percent of qualified expenses exceeding $2,000, up to a maximum of $5,000 per taxable year. Qualified expenses include expenditures for respite care, counseling, support groups, training, lost wages, travel costs, and technologies that assist in providing care. The credit phases out based on the taxpayer's modified adjusted gross income. The amendments apply to taxable years beginning after December 31, 2024.

Credit for Caring Act of 2025 provides a tax credit for working family caregivers.

The Credit for Caring Act of 2025 amends the Internal Revenue Code to introduce a tax credit for working family caregivers. The credit is equal to 30 percent of qualified expenses exceeding $2,000, up to a maximum of $5,000 per taxable year. Qualified expenses include expenditures for respite care, counseling, support groups, training, lost wages, travel costs, and technologies that assist in providing care. The credit phases out based on the taxpayer's modified adjusted gross income. The amendments apply to taxable years beginning after December 31, 2024.