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A bill to amend the Internal Revenue Code of 1986 to establish a credit for adult child caregivers.

Bill Number
S. 3295
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-12-02: Read twice and referred to the Committee on Finance.
Last Updated
2026-02-25T18:34:10Z

AI-Generated Summary

Purpose of the Legislation

This bill, S. 3295, aims to support multigenerational family caregiving by providing a tax credit to eligible adult children who live with and assist elderly relatives with disabilities. It recognizes the benefits of such arrangements, including reduced need for formal care services, lower rates of depression and isolation among older adults, and decreased risk of nursing home placement for those with dementia.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Welch, Peter [D-VT]

Cosponsors (1)

Sen. Scott, Rick [R-FL]

Recent Actions

Bill Versions

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