S. 5163 · 118th Congress
AGE Act of 2024
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KlobucharSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Americans Giving Care to Elders Act of 2024 or the AGE Act of 2024
What it does: CRS summary · Introduced in Senate · Sep 24, 2024
Americans Giving Care to Elders Act of 2024 or the AGE Act of 2024
This bill provides a new nonrefundable tax credit for 20% of a taxpayer’s expenses to care for an older adult, subject to limitations. The amount of expenses incurred during any year that may be taken into account for the tax credit may not exceed $6,000. Further, the tax credit begins to phase out once a taxpayer’s adjusted gross income exceeds $120,000.
The tax credit applies to expenses to care for certain relatives or members of the taxpayer's household who have attained the age of 65 and require assistance with activities of daily living.
Expenses eligible for the tax credit include amounts paid for
- medical care,
- lodging away from home,
- adult day services,
- personal care,
- respite care,
- assistive technologies and devices (including remote health monitoring),
- environmental modifications (including home modifications), and
- counseling or training for a caregiver.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: AGE Act of 2024
Also known as: Americans Giving Care to Elders Act of 2024
Latest action (Sep 24, 2024): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Sep 24, 2024
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.