Creating Caregiver Tax Credit Act

SB 465, the Caregiver Tax Credit Act, creates a state tax credit for West Virginia family caregivers providing unpaid care to eligible seniors. It allows caregivers to claim a 50% credit on qualifying out-of-pocket expenses (like home modifications, medical equipment, or hiring aides) for an eligible family member who is 62+ and requires assistance with daily living activities (e.g., bathing, dressing, or toileting), as certified by a healthcare provider. The credit is capped at $2,000 annually ($3,000 for veterans) and is nonrefundable, with a total annual funding limit of $5 million for all taxpayers. The credit becomes effective January 1, 2028, and is administered by the West Virginia Department of Revenue.