Multigenerational Family Tax Credit Act of 2026

The Multigenerational Family Tax Credit Act of 2026 would create a tax credit for homeowners who pay for home modifications to improve safety, accessibility, or mobility for elderly or disabled relatives living with them. The credit covers up to $8,000 per year, but is reduced for taxpayers earning over $200,000 (or $400,000 for joint filers). Half of the credit would be refundable, meaning it could be paid even if the taxpayer owes no income tax. This credit applies to expenses incurred after December 31, 2026, and directly benefits families supporting aging or disabled relatives in multigenerational households.