NC S574

Allows taxpayers to claim a tax credit for providing unpaid in-home care to qualifying relatives, including expenses for training, supplies, and transportation costs.

Defines a "qualifying relative" as someone related by fewer than five degrees of kinship who is either age 65 or older or permanently and totally disabled.

Limits the credit to the lesser of $500 or the amount of tax owed for the year (after other credits), with adjustments for nonresident and part-year residents.

Prohibits taxpayers from claiming both this credit and the credit under G.S. 105-151.81 for the same qualifying relative.

Effective for taxable years beginning on or after January 1, 2011.