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 in providing care for a qualified care recipient. Qualified expenses include costs for respite care, counseling, support groups, lost wages, travel, and technologies that assist in caregiving. The credit is equal to 30% of qualified expenses exceeding $2,000, up to a maximum of $5,000 per year. The credit phases out based on the caregiver's modified adjusted gross income.

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 in providing care for a qualified care recipient. Qualified expenses include costs for respite care, counseling, support groups, lost wages, travel, and technologies that assist in caregiving. The credit is equal to 30% of qualified expenses exceeding $2,000, up to a maximum of $5,000 per year. The credit phases out based on the caregiver's modified adjusted gross income.