HB157

Kentucky HB157 creates a tax credit for eligible caregivers providing in-home care to family members.

Kentucky HB157 introduces a tax credit for eligible caregivers who provide in-home care to family members. The credit is equal to 50% of eligible expenses, up to $3,000 for veterans or those with dementia, and $2,000 for other eligible family members. Eligible caregivers must submit an application to the Department of Revenue by December 31, 2027, and each December thereafter. The credit is nonrefundable and applies against the tax imposed by KRS 141.020. The Department of Revenue will review applications and provide approval letters by February 1, 2028, and each February thereafter.