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. This credit applies to eligible caregivers who incur qualified expenses related to caring for a qualified care recipient. Qualified expenses include costs for counseling, support groups, training, lost wages, travel, and technologies that assist in caregiving. The credit is equal to 30% of qualified expenses, up to a maximum of $5,000 per taxable year. The credit phases out based on the taxpayer's modified adjusted gross income.
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