AR HB1076

Creates an income tax credit equal to 50% of eligible caregiving expenses, with a maximum credit of $2,000 per year (or $3,000 if the family member is a veteran or has dementia)

Eligible family members must be at least 62 years old, require assistance with at least two activities of daily living as certified by a licensed healthcare practitioner, and live in a private home rather than a facility

Family caregivers must have a total adjusted gross income of less than $50,000 (including spouse's income) to qualify for the credit

Eligible expenditures include home modifications for safety and mobility, durable medical equipment, home care aides, respite care, adult day care, and healthcare technology—but exclude general household maintenance like painting or plumbing

Total credits statewide are capped at $1,500,000 per calendar year, awarded on a first-come basis, effective for tax years beginning January 1, 2025