The bill, S. 925, known as the "Credit for Caring Act of 2025," proposes amendments to the Internal Revenue Code to offer a tax credit to family caregivers. This tax credit would allow eligible caregivers to reduce their taxes by 30% of the expenses they paid over $2,000 for...
Simple Explanation
The "Credit for Caring Act of 2025" is a bill that wants to help people who take care of family members by giving them money back when they do their taxes, but not everyone can get it because there are certain rules about how much money you need to earn and what you can spend this money on.