118th Congress Taxation
S. 3702: Credit for Caring Act of 2024
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
Credit for Caring Act of 2024
This bill allows an eligible caregiver a tax credit of up to $5,000 for 30% of the cost of long-term care expenses that exceed $2,000 in a taxable year. The bill defines eligible caregiver as an individual who has earned income for the taxable year in excess of $7,500 and pays or incurs expenses for providing care to a spouse or other dependent relative with long-term care needs.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Susan Collins R-MEOriginal
- Shelley Capito R-WVOriginal
- Margaret Hassan D-NHOriginal
- Lisa Murkowski R-AKOriginal
- Elizabeth Warren D-MAOriginal
- Tammy Baldwin D-WI
- Richard Blumenthal D-CT
- Christopher Coons D-DE
- Kirsten Gillibrand D-NY
- Joe Manchin I-WV
- Jacky Rosen D-NV
- Kyrsten Sinema I-AZ
- Tina Smith D-MN
- Chris Van Hollen D-MD
- Sheldon Whitehouse D-RI
- Sherrod Brown D-OH
- Angus King I-ME
Who scored on this bill
- 1Michael Bennet SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the Senate by Michael Bennet.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.