S. 4647 — AGE Act of 2026

This section establishes a nonrefundable tax credit equal to 20 percent of eldercare expenses (phased down by 1 percentage point for each $4,000 by which adjusted gross income exceeds $120,000) for qualifying individuals age 65 or older who require assistance with activities of daily living. The credit applies to up to $6,000 in expenses for medical care, adult day services, personal care, respite care, assistive technologies, home modifications, and caregiver training, reduced by any section 129 exclusion, and it amends section 213(e) to coordinate with the medical expense deduction.