Chairman Rick Scott of the U.S. Senate Special Committee on Aging and Senator Peter Welch have introduced a bipartisan bill called the Multigenerational Home Caregiver Credit Act. The proposed legislation aims to support adults who provide in-home care for aging family members by offering a $2,000 tax credit. This initiative seeks to ease the financial challenges that caregivers face due to increasing health care costs.
The bill is designed to encourage intergenerational caregiving and expand resources available to both new and experienced caregivers. Its goal is to help seniors maintain their independence and continue living at home.
Chairman Rick Scott stated, “Multigenerational households have long strengthened our communities and improved the well-being of our aging Americans, something families across the country already understand. As chairman of the U.S. Senate Special Committee on Aging, I’m proud to help lead this legislation to establish the Multigenerational Home Caregiver Credit, providing family caregivers with meaningful relief as they care for aging parents or family members at home, where they can maintain their dignity and independence while surrounded by loved ones.”
Senator Peter Welch added, “We can always do more to meet the needs of aging Americans, and supporting the family caregivers who deliver world-class care to their relatives is a major part of ensuring that older folks can continue to age with dignity in the comfort of their own homes. Creating a tax credit that provides relief to families providing in-home care to elderly relatives will help aging Americans remain in their communities with a known and reliable support system. I’m proud to partner with Senator Scott on this legislation to ensure older Americans can age with compassion surrounded by the ones they love.”
