Ohio SB205 proposes an income tax credit for family caregiving expenses.

Ohio SB205 introduces a nonrefundable income tax credit for family caregiving expenses. Eligible family caregivers can claim a credit equal to 30% of their eligible expenses, up to a maximum of $2,000 per year. To qualify, caregivers must be at least 50 years old, provide care to a family member requiring assistance with at least two activities of daily living, and incur at least $1,000 in eligible expenses. Eligible expenses include home modifications, transportation, equipment, and other caregiving-related costs.

Ohio SB205 proposes an income tax credit for family caregiving expenses.

Ohio SB205 introduces a nonrefundable income tax credit for family caregiving expenses. Eligible family caregivers can claim a credit equal to 30% of their eligible expenses, up to a maximum of $2,000 per year. To qualify, caregivers must be at least 50 years old, provide care to a family member requiring assistance with at least two activities of daily living, and incur at least $1,000 in eligible expenses. Eligible expenses include home modifications, transportation, equipment, and other caregiving-related costs.