West Virginia SB766 establishes a Caregiver Tax Credit for family caregivers supporting eligible family members.

West Virginia SB766, the Caregiver Tax Credit Act, introduces a tax credit for family caregivers supporting eligible family members. The credit is 50% of eligible expenditures, up to $2,000 annually, or $3,000 if the eligible family member is a veteran. Eligible expenditures include home improvements, equipment purchases, and care-related expenses. The credit is nonrefundable and cannot be carried forward. The total credits cannot exceed $5 million annually.

West Virginia SB766 establishes a Caregiver Tax Credit for family caregivers supporting eligible family members.

West Virginia SB766, the Caregiver Tax Credit Act, introduces a tax credit for family caregivers supporting eligible family members. The credit is 50% of eligible expenditures, up to $2,000 annually, or $3,000 if the eligible family member is a veteran. Eligible expenditures include home improvements, equipment purchases, and care-related expenses. The credit is nonrefundable and cannot be carried forward. The total credits cannot exceed $5 million annually.