Child Health Care Affordability Act

The Child Health Care Affordability Act (H.R. 3077) would amend the federal tax code to provide a tax credit for the medical expenses of dependents. Under this bill, taxpayers could claim a credit of up to $500 per dependent to help offset healthcare costs. For dependents with a terminal illness, cancer, a disability, or a condition requiring specialized care or hospitalization, the available credit would increase to $3,000. These credit amounts would be adjusted annually for inflation to help families manage the rising costs of medical care.