Bills/H.R. 138

Lowering Costs for Caregivers Act of 2025

Lowering Costs for Caregivers Act of 2025

In CommitteeEconomyHouseHouse Bill · 119th Congress
Bill Progress · House
Introduced
Committee
Passed House
Passed Senate
Passed Both
Signed

Plain Language Summary

# Lowering Costs for Caregivers Act of 2025 - Summary **What It Does:** This bill aims to reduce financial burdens on people who care for family members or dependents. Based on its subjects, it appears to address tax deductions or exclusions related to caregiving expenses and healthcare costs. The bill likely would allow caregivers to exclude certain caregiving-related expenses from their taxable income or claim enhanced tax deductions, potentially reducing their tax liability. **Who It Affects:** The bill would primarily benefit individuals who provide care for family members—such as adult children caring for aging parents, spouses caring for disabled partners, or relatives providing childcare or elder care.

It could affect both caregivers who do this full-time and those juggling caregiving with employment. **Current Status:** As of now, the bill (HR 138) is in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. It was sponsored by Representative Vern Buchanan (R-FL). The bill must pass committee review and a House vote before advancing to the Senate for consideration.

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Latest Action

January 3, 2025

Referred to the House Committee on Ways and Means.

Subjects

Bank accounts, deposits, capitalFamily relationshipsHealth care costs and insuranceIncome tax deductionsIncome tax exclusion

Sponsor

15 cosponsors

Key Dates

Introduced
January 3, 2025
Last Updated
January 3, 2025
Read Full Text on Congress.gov →
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