IL HB4676

Creates a nonrefundable income tax credit for family caregivers equal to 100% of eligible expenditures incurred during the taxable year, effective for tax years beginning January 1, 2024.

Defines eligible family members as individuals age 50+ who are Illinois residents, require assistance with at least one activity of daily living (certified by a licensed health care provider), and are related by blood, marriage, civil union, or close association to the caregiver.

Limits eligibility to family caregivers with adjusted gross income under $75,000 (individuals) or $150,000 (joint filers) who incurred uncompensated expenses for home modifications, medical equipment, home care aides, respite care, transportation, legal/financial services, or assistive technology.

Caps total tax credits for the same eligible family member at $750 per year, with credits allocated proportionately among multiple caregivers if the limit is exceeded; taxpayers may claim the credit for only one eligible family member per year.

Requires Department on Aging to adopt implementation rules and issue certificates of verification; excludes general household maintenance expenses like painting, plumbing, and electrical repairs from eligible expenditures.