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119-hr-7584119th CongressWALLET

Multigenerational Family Tax Credit Act of 2026

Sponsored By: Representative Rivas, Luz M. [D-CA-29]

Introduced

Summary

New tax credit for multigenerational housing expenses. This bill would create a federal income tax credit to help pay to make a taxpayer's main home safer, more accessible, or mobile for an older or disabled relative. It would apply to tax years beginning after December 31, 2026.

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  • Families and homeowners: Homeowners could claim up to $8,000 per year for qualifying expenses that improve safety, mobility, or accessibility for a qualified relative.
  • Seniors and people with disabilities: A qualified relative must be age 65 or disabled, live in the taxpayer's principal residence for more than half the year, and meet specified family relationship rules, with in-laws limited to a father-in-law, mother-in-law, brother-in-law, or sister-in-law.
  • Income and refundability: The credit phases out by $50 for each $1,000 of modified adjusted gross income over $200,000 for individuals and $400,000 for joint filers. Fifty percent of the allowed credit is treated as potentially refundable.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Home tax credit for caregivers

If enacted, you would be able to claim a new tax credit for home work that helps an older or disabled relative live with you. The credit would cover safety, mobility, or accessibility expenses on your main home, up to $8,000 per taxpayer each year. The credit would be reduced by $50 for each $1,000 (or fraction) your modified AGI is over $200,000 (single) or $400,000 (joint). Fifty percent of the credit after that reduction would be treated as refundable. You would not be able to also claim a deduction or other credit for the same expenses to the extent of this credit, and your home's tax basis would be reduced by the credit amount. The Treasury would issue rules to define eligible work and who qualifies. The credit would apply to tax years beginning after December 31, 2026.

Sponsors & CoSponsors

Sponsor

Rivas, Luz M. [D-CA-29]

CA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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