Senior Elder Care Relief and Empowerment (SECURE) Act

The Senior Elder Care Relief and Empowerment (SECURE) Act aims to provide financial relief to families caring for elderly relatives with chronic illnesses. If passed, the bill would allow taxpayers to claim a nonrefundable income tax credit for 50% of caregiving expenses that exceed $1,000 per year. This credit would apply to costs associated with long-term care services, adult day care, and respite care for individuals who have reached the Social Security retirement age, provided those expenses are not already covered by insurance or paid to a nursing home facility.