Creating Caregiver Tax Credit Act

SB 766 creates a nonrefundable tax credit for West Virginia family caregivers of eligible elderly relatives. It allows caregivers to claim a 50% credit on qualifying out-of-pocket expenses (up to $2,000 annually, or $3,000 for veteran caregivers), including home modifications, medical equipment, hiring care aides, respite care, and adult day care. The credit applies to expenses directly related to assisting an eligible family member (62+ years old, living at home, requiring help with daily activities like bathing or dressing, and certified by a healthcare provider). The credit begins for tax years starting January 1, 2028, with a $5 million annual cap on total credits, adjusted annually based on the consumer price index.