Illinois HB1900 creates a tax credit for caregivers with uncompensated expenses for eligible related persons.
HB1900 amends the Illinois Income Tax Act to establish a tax credit for caregivers who incur uncompensated expenses in caring for an eligible related person. Eligible expenditures include hiring home care aides, providing respite care, and acquiring assistive technology. The credit is limited to $500 per primary caregiver per taxable year and cannot reduce a taxpayer's liability to less than zero. The Department on Aging administers the credit, which takes effect immediately upon becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.