In CommitteeFiled Jun 1, 2026
Sponsor: Sen. Klobuchar, Amy [D-MN] (D)
Latest Action
Read twice and referred to the Committee on Finance.
Jun 1, 2026
Summary
The AGE Act adds a new tax credit that lets taxpayers offset a portion of costs they incur caring for qualifying elders. The credit equals 20% of eligible expenses up to $6,000, with a reduction of one percentage point for every $4,000 of adjusted gross income above $120,000. It is intended to ease the financial burden on families providing care to seniors who need assistance with daily living.
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