An act relating to a family caregiver tax credit

This bill creates a Vermont family caregiver tax credit for residents who provide care to family members with long-term care needs. It allows eligible taxpayers to claim a refundable credit equal to 30% of qualified care expenses, up to $2,500 annually (adjusted for inflation after 2027), for expenses like respite care, adult daycare, and lost wages. To qualify, the care recipient must be a related family member aged 14+ with a medical condition that prevents them from performing two daily activities without help, and they cannot live in a licensed care facility. The credit is reduced for taxpayers with adjusted gross income over $125,000 and excludes expenses already claimed for child/dependent care. Households with eligible caregivers will also see their property tax credit eligibility expanded.