US HB7610

Creates a new $2,000 tax credit per qualified relative for eligible individuals who provide at least 10 hours per week of caregiving assistance to family members age 55 or older who need help with daily living activities

Eligible caregivers must be U.S. citizens age 18+ (or 16+ if emancipated), share a principal residence with the qualified relative for at least 6 months, and obtain a licensed health care provider attestation confirming the relative's care needs

Credit phases out at 1% for each dollar of adjusted gross income above $75,000 ($150,000 for joint filers), with a maximum of 2 qualified relatives per taxpayer per year

Qualified relatives include parents, grandparents, and parents-in-law who cannot perform at least 1 activity of daily living and 3 instrumental activities of daily living without substantial assistance for at least 180 days

Effective for taxable years beginning after December 31, 2026, with coordination provisions to reduce the credit by any child and dependent care credit claimed for the same relative