Illinois family caregivers set to receive new tax credit for eligible expenditures

January 15, 2025 | 2024 Introduced Bills, House, 2024 Bills, Illinois Legislation Bills, Illinois


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Illinois family caregivers set to receive new tax credit for eligible expenditures
Illinois lawmakers are making strides to support family caregivers with the introduction of HB1369, a bill aimed at providing tax credits for those who care for eligible family members. Introduced on January 15, 2025, this legislation seeks to alleviate the financial burden on caregivers who often face significant out-of-pocket expenses.

At the heart of HB1369 is a proposed tax credit that allows family caregivers to claim 50% of their eligible expenditures for the care of qualifying relatives. To qualify, caregivers must be Illinois residents with a federal adjusted gross income of less than $50,000 for individuals or $100,000 for couples filing jointly. The bill defines eligible family members broadly, including spouses, parents, siblings, and even in-laws, as long as they reside in a private home rather than a care facility.

The bill has sparked discussions among lawmakers and advocacy groups, highlighting the critical role family caregivers play in the healthcare system. Proponents argue that the financial relief offered by the tax credit could encourage more individuals to take on caregiving roles, ultimately benefiting both families and the state’s healthcare infrastructure. However, some critics express concerns about the potential impact on state revenue and the need for careful oversight to ensure the program's effectiveness.

As Illinois grapples with an aging population and increasing healthcare costs, HB1369 represents a significant step toward recognizing and supporting the vital contributions of family caregivers. If passed, the bill could reshape the financial landscape for many families, providing much-needed assistance starting in the 2026 tax year. The legislative journey ahead will be closely watched as stakeholders weigh the implications of this proposed support for caregivers across the state.

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Scribe from Workplace AI
Scribe from Workplace AI