What does Preamble of HR 7584 do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would allow a tax credit for qualified multigenerational housing expenses. The bill is referred to the Committee on Ways and Means.

What does SHORT TITLE. of HR 7584 do?

This bill is formally titled the Multigenerational Family Tax Credit Act of 2026.

What does CREDIT FOR QUALIFIED MULTIGENERATIONAL HOUSING EXPENSES. of HR 7584 do?

This section amends the Internal Revenue Code of 1986 to create a new credit, section 25G, for qualified multigenerational housing expenses. Taxpayers can claim a credit equal to the aggregate amount of qualified multigenerational housing expenses paid or incurred, up to a maximum of $8,000. The credit is reduced based on modified adjusted gross income, with a reduction of $50 for each $1,000 (or fraction thereof) exceeding $200,000 (or $400,000 for joint returns). Qualified multigenerational housing expenses are those directly related to improving the safety, mobility, or accessibility of the taxpayer's principal residence for a qualified relative. A qualified relative is an individual who is related to the taxpayer (or their spouse) as defined in section 152(d)(2), has attained age 65 or is disabled, and shares the taxpayer’s principal residence for more than one-half of the taxable year. Fifty percent of the credit is treated as refundable. The credit cannot be double-dipped; no other credit or deduction is allowed for the same expenses. The $8,000 dollar limitation will be adjusted for inflation beginning in 2028. The amendments apply to taxable years beginning after December 31, 2026.

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Multigenerational Family Tax Credit Act of 2026 — HR. 7584

Last updated: 2/13/2026 · Introduced: 2/13/2026

Author: Luz Rivas (D-CA)

TL;DR (AI)

This bill creates a new tax credit of up to $8,000 for expenses related to improving a home's safety, mobility, or accessibility for a qualified elderly or disabled relative who lives with the taxpayer.
The credit's value is reduced for taxpayers with higher incomes, and 50% of the credit is refundable.
Qualified expenses cannot be claimed as both a credit and a deduction, and the $8,000 limit will be adjusted for inflation starting in 2028.

119th Congressin committeeOfficial page

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Includes provisions on preamble, short title., and 1 more.

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