H.R.7584

Multigenerational Family Tax Credit Act of 2026 allows a tax credit for housing expenses supporting qualified relatives.

The Multigenerational Family Tax Credit Act of 2026 amends the Internal Revenue Code to introduce a tax credit for qualified multigenerational housing expenses. This credit applies to expenses directly related to improving the safety, mobility, or accessibility of a taxpayer's principal residence to support a qualified relative. A qualified relative includes individuals who bear certain relationships to the taxpayer or the taxpayer's spouse, are aged 65 or older, or are disabled. The credit is capped at $8,000 per year, with 50% being refundable.