What does Preamble of AGE Act of 2026 do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would establish an income tax credit for eldercare expenses.

What does SHORT TITLE. of AGE Act of 2026 do?

This bill is formally titled the Americans Giving Care to Elders Act of 2026, also known as the AGE Act of 2026.

What does CREDIT FOR ELDERCARE EXPENSES. of AGE Act of 2026 do?

This section amends the Internal Revenue Code of 1986 to create a new credit for eldercare expenses. The credit is calculated as an applicable percentage of eldercare expenses paid by an individual. The applicable percentage starts at 20% but is reduced based on the taxpayer's adjusted gross income, with a minimum of zero. Qualifying individuals for this credit must be 65 or older, require assistance with activities of daily living, and have a specific familial or household relationship with the taxpayer. Eldercare expenses include medical care, lodging, adult day services, personal care, respite care, assistive technologies, environmental modifications, and counseling or training for caregivers. Expenses incurred at care centers must comply with state or local laws and regulations. The maximum amount of eldercare expenses that can be taken into account is $6,000, reduced by any amounts excluded under section 129. Payments to related individuals and failure to provide required identifying information may disallow the credit. The credit is not allowed for expenses for which a credit is already allowed under section 21. The amendments apply to taxable years beginning after the date of enactment of this Act.

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AGE Act of 2026

Last updated: 6/1/2026 · Introduced: 6/1/2026

Author: Amy Klobuchar (D-MN)

TL;DR (AI)

This bill establishes a new income tax credit for individuals providing care for qualifying elderly relatives.
The credit amount is calculated as a percentage of eldercare expenses, up to a maximum of $6,000, and is reduced based on the taxpayer's income.
Qualifying eldercare expenses include medical care, lodging, adult day services, and other supportive services, provided they meet specific requirements and are not already eligible for another tax credit.

119th Congressin committeeOfficial page

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

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