SB465

West Virginia SB465 establishes a tax credit for family caregivers supporting eligible family members.

West Virginia SB465, the Caregiver Tax Credit Act, creates a tax credit for family caregivers who support eligible family members. Eligible family members are those aged 62 or older, living in a private residential home, and requiring assistance with activities of daily living. Eligible expenditures include costs for home care aides, respite care, health care equipment, and assistive technology. The credit is 50% of eligible expenditures, up to $2,000 per year, or $3,000 if the eligible family member is a veteran. The credit is nonrefundable and cannot be carried forward.