Illinois HB2604 amends the Illinois Income Tax Act to create a tax deduction for out-of-pocket long-term care costs.
HB2604 amends the Illinois Income Tax Act to introduce a new tax deduction for out-of-pocket costs incurred by taxpayers for long-term care expenses for themselves or their family members. This deduction is effective immediately upon the bill's enactment. The deduction applies to expenses associated with long-term care, defined as care for the taxpayer or their spouse, child, sibling, parent, grandparent, or grandchild. The bill does not specify a limit on the amount of the deduction or the conditions under which it can be claimed.
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