3.0.0 5163 2024-12-10T12:16:46Z 2024-12-10T12:16:46Z Senate S S 2024-09-24 118 ssfi00 Finance Committee Senate Standing Referred to 2024-09-24T21:46:08Z 2024-09-24 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2024-09-24 Introduced in Senate IntroReferral 10000 9 Library of Congress K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN N S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN 2024-09-24 True Taxation Taxation 2024-11-05T15:31:23Z

00 2024-09-24 Introduced in Senate 2024-12-10T12:16:43Z <p><strong>Americans Giving Care to Elders Act of &nbsp;2024 or the AGE Act of 2024</strong></p><p>This bill provides a new nonrefundable tax credit for 20% of a taxpayer’s expenses to care for an older adult, subject to limitations. The amount of expenses incurred during any year that may be taken into account for the tax credit may not exceed $6,000. Further, the tax credit begins to phase out once a taxpayer’s adjusted gross income exceeds $120,000.</p><p>The tax credit applies to expenses to care for certain relatives or members of the taxpayer's household who have attained the age of 65 and require assistance with activities of daily living.</p><p>Expenses eligible for the tax credit&nbsp;include amounts paid for</p><ul><li>medical care,</li><li>lodging away from home,</li><li>adult day services,</li><li>personal care,</li><li>respite care,</li><li>assistive technologies and devices (including remote health monitoring),</li><li>environmental modifications (including home modifications), and</li><li>counseling or training for a caregiver.</li></ul>

Display Title 45 2024-10-09T23:53:18Z Short Title(s) as Introduced 101 2024-10-09T23:53:17Z Introduced in Senate IS Short Title(s) as Introduced 101 2024-10-09T23:53:17Z Introduced in Senate IS Official Title as Introduced 6 2024-10-09T23:48:25Z Introduced in Senate IS Introduced in Senate 2024-09-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s5163is/xml/BILLS-118s5163is.xml 2024-09-24 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.