Provides a tax credit for qualified caregiving expenses.

New York A00635 amends the tax law to introduce a tax credit for qualified caregiving expenses. This credit is available to qualified caregivers who provide care to a qualified family member. A qualified family member is an individual who is at least 18 years old, a New York state resident, requires assistance with at least one activity of daily living, and is related to the caregiver. The credit is limited to 50% of the total amount expended and cannot exceed $3,500. The credit is available for the taxable year in which the qualified caregiving expense was incurred.

Provides a tax credit for qualified caregiving expenses.

New York A00635 amends the tax law to introduce a tax credit for qualified caregiving expenses. This credit is available to qualified caregivers who provide care to a qualified family member. A qualified family member is an individual who is at least 18 years old, a New York state resident, requires assistance with at least one activity of daily living, and is related to the caregiver. The credit is limited to 50% of the total amount expended and cannot exceed $3,500. The credit is available for the taxable year in which the qualified caregiving expense was incurred.