Multigenerational Family Tax Credit Act of 2026

Sponsor: Luz M. Rivas (Democratic-CA)

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Ways and Means.

Creates a tax credit for families who adapt their homes for elderly or disabled relatives.

This bill would create a new tax credit for families who pay to make their homes safer or more accessible for an elderly or disabled relative living with them. It would help families cover costs like ramps or bathroom modifications. If passed, this credit would be available starting in 2027.

What Would Change

Today, families do not receive a specific federal tax credit for modifying their homes to support elderly or disabled relatives living with them. If this bill passes, families could claim a new tax credit of up to $8,000 for these expenses, with fifty percent of that amount being refundable. This change would start for tax years beginning after December 31, 2026.

Key Provisions

Lets families claim a tax credit of up to $8,000 for home improvements that help an elderly or disabled relative living with them.
Reduces the credit amount for single taxpayers earning over $200,000 and couples earning over $400,000.
Defines "qualified expenses" as those directly improving safety, mobility, or accessibility for a qualified relative.
Defines a "qualified relative" as someone age 65 or older, or disabled, who lives with the taxpayer for over half the year and is a specific type of family member.
Makes fifty percent of the credit refundable, meaning some families could get money back even if they owe less in taxes.
Prevents families from claiming other tax benefits for the same home improvement expenses.

View on Congress.gov

HR 7584 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10

Multigenerational Family Tax Credit Act of 2026

What Would Change

Key Provisions

Lobbying Activity