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US HB7584
Bill
Status
Introduced
2/13/2026
Primary Sponsor
Luz Rivas
Click for details
AI Summary
- Creates a tax credit up to $8,000 per year for expenses related to improving safety, mobility, or accessibility of a taxpayer's principal residence to support a qualifying relative
- Qualifying relatives include parents, grandparents, siblings, and certain in-laws who are age 65 or older or disabled, and who live with the taxpayer for more than half the year
- Credit phases out by $50 for each $1,000 of modified adjusted gross income exceeding $200,000 ($400,000 for joint filers)
- 50% of the credit is refundable, allowing taxpayers to receive that portion even if they owe no federal income tax
- Effective for taxable years beginning after December 31, 2026, with the $8,000 cap adjusted for inflation starting in 2028
Legislative Description
Multigenerational Family Tax Credit Act of 2026
Last Action
Referred to the House Committee on Ways and Means.
2/13/2026
Committee Referrals
Ways And Means2/13/2026
Full Bill Text
No bill text available