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AGE Act of 2024
10/9/2024, 11:53 PM
Summary of Bill S 5163
The AGE Act of 2024 includes provisions aimed at increasing access to healthcare services for seniors, promoting healthy aging, and supporting caregivers. It also seeks to address issues such as elder abuse and neglect, social isolation, and financial security for older Americans.
Specifically, the bill proposes to expand Medicare coverage for preventive services and mental health care for seniors, as well as increase funding for programs that support aging in place and provide long-term care services. It also includes measures to improve coordination between healthcare providers and social service agencies to better meet the needs of older adults. Additionally, the AGE Act of 2024 includes provisions to strengthen protections against elder abuse and neglect, including increased funding for adult protective services and enhanced training for law enforcement and healthcare professionals. The bill also aims to address social isolation among older adults by promoting community-based programs and services that foster social connections and support mental well-being. Overall, the AGE Act of 2024 is a comprehensive piece of legislation that seeks to address the diverse needs of older Americans and improve their quality of life. It reflects a bipartisan effort to support aging populations and ensure that seniors have access to the resources and services they need to thrive in their later years.
Congressional Summary of S 5163
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.
Read the Full Bill
Current Status of Bill S 5163
Bipartisan Support of Bill S 5163
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 5163
Primary Policy Focus
Alternate Title(s) of Bill S 5163
Comments
Katalina Rogers
1 year ago
I can't believe this new bill is going to make it harder for me to access affordable healthcare. It's so frustrating that they're not considering how this will impact young people like me. The big picture here is that we need to fight for policies that prioritize the well-being of all Americans, not just a select few.
Paisley Cooper
1 year ago
Excited for the potential impact of this new bill on our future. #progress #change
Gracelyn Lamb
1 year ago
I don't see what all the fuss is about with this new bill. It seems like just another way for the government to meddle in our lives. But hey, if it helps me in the long run, I guess I can't complain too much. Let's see how it all plays out. #AGEAct2024 #Indifferent #ShortTermEffects
Annalise Wyatt
1 year ago
this bill is so sad, it's gonna make it harder for young folks like me to get ahead. i'm only 21 and already feeling the pressure of aging out of certain benefits. it's tough out here, man. #AGEAct2024
Owen Stout
1 year ago
This bill bad for us.
