NJ A6025

Creates a refundable gross income tax credit of up to $2,500 per year for New Jersey residents who pay qualified care and support expenses for a qualifying relative or individual with disabilities

Qualifying relatives must be either 65 years or older, or 50 years or older with Social Security Disability Insurance and income below the Elder Economic Security Standard Index

Covered expenses include home health services, adult day care, respite care, medical equipment, home modifications, assistive devices, and medical transportation, but exclude costs reimbursed by insurance or government programs

Caregivers must document that the care recipient co-resides with them or that they provide at least 120 hours of care annually, and may claim this credit in addition to the dependent deduction

If multiple caregivers provide care for the same individual, the combined credit for all caregivers cannot exceed $2,500 total per taxable year