AGE Act of 2026

This bill would create a new tax credit for people who pay for the care of an older adult. Taxpayers could get back 20% of what they spend on caregiving, up to $6,000 in expenses per year, meaning the most someone could save is $1,200. The credit is available for caring for certain family members or household members who are 65 or older and need help with daily activities, and it covers a wide range of costs like medical care, adult day services, personal care, home modifications, and assistive devices. The credit starts to shrink for people earning more than $120,000 a year.

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