NJ A5776

Creates a refundable gross income tax credit of up to $10,000 per year for New Jersey residents who pay care and support expenses for a qualifying senior parent

Qualifying senior parent includes biological or adoptive parents age 60+ of the caregiver or their spouse/civil union partner, or age 50+ if the parent receives Social Security Disability Insurance and meets income limits

Eligible expenses include home health services, adult day care, personal care attendants, respite care, medical equipment, home modifications, and assistive devices that allow the senior parent to remain in a home setting

Expenses reimbursed by insurance or government programs do not qualify for the credit

Credit can be claimed in addition to the dependent deduction for the same qualifying senior parent, and unused credit amounts are refunded as an overpayment of tax