Massachusetts H2733 provides an income tax exemption for families caring for elderly relatives at home.

Massachusetts H2733 amends Chapter 62 of the General Laws to provide an income tax exemption for families caring for elderly relatives at home. Specifically, it adds an additional exemption of four thousand dollars for taxpayers who provided more than half of the support for an elderly relative who has attained the age of seventy, provided the relative resided with the taxpayer for more than six months of the taxable year. The exemption applies to taxpayers with an adjusted gross income not exceeding thirty thousand dollars for the year in which the relative lived with them.

Massachusetts H2733 provides an income tax exemption for families caring for elderly relatives at home.

Massachusetts H2733 amends Chapter 62 of the General Laws to provide an income tax exemption for families caring for elderly relatives at home. Specifically, it adds an additional exemption of four thousand dollars for taxpayers who provided more than half of the support for an elderly relative who has attained the age of seventy, provided the relative resided with the taxpayer for more than six months of the taxable year. The exemption applies to taxpayers with an adjusted gross income not exceeding thirty thousand dollars for the year in which the relative lived with them.