H.R.2094 - A bill to amend the Internal Revenue Code of 1954 to allow a credit against tax for expenses incurred in the care of elderly family members.98th Congress (1983-1984)
|Sponsor:||Rep. Tauke, Thomas Joseph [R-IA-2] (Introduced 03/14/1983)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/14/1983 Referred to House Committee on Ways and Means. (All Actions)|
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Summary: H.R.2094 — 98th Congress (1983-1984)All Information (Except Text)
Introduced in House (03/14/1983)
Amends the Internal Revenue Code to allow a refundable income tax credit for expenses incurred in the care of elderly family members. Sets such credit at 30 percent of the expenses incurred for taxpayers with incomes of $10,000 or less. Reduces the rate of such credit, but not below 20 percent, by one percent for each $2,000 of taxpayer income in excess of $10,000.
Limits such credit to taxpayers with an adjusted gross income of less than $50,000. Imposes a maximum $7,000 limit on the amount of elderly care expenses that can be taken into account.
Defines "qualified family member" as any individual who: (1) is related to the taxpayer by blood or marriage; (2) is at least 75 years of age (or diagnosed with senile dementia); and (3) has a family income of $15,000 or less.
Defines "qualified elderly care expenses" as payments for: (1) home health agency services; (2) homemaker services; (3) adult day care; (4) respite care; or (5) certain health care equipment and supplies.