Bill 119 HR 2036, also known as the Working Family Caregiver Tax Credit Act, aims to amend the Internal Revenue Code of 1986 to provide a tax credit for working family caregivers. The bill is designed to assist individuals who are employed and also provide care for a family member in need.
Under this proposed legislation, eligible caregivers would be able to claim a tax credit to help offset the costs associated with caring for a family member. The credit would be based on a percentage of the caregiver's eligible expenses, such as medical costs, transportation, and other related expenses.
The bill seeks to provide support for working caregivers who often face financial strain and challenges balancing work and caregiving responsibilities. By offering a tax credit, the legislation aims to alleviate some of the financial burden faced by these individuals and encourage more people to continue providing care for their loved ones.
Overall, the Working Family Caregiver Tax Credit Act is intended to recognize and support the important role that family caregivers play in our society and provide them with much-needed financial assistance.