This bill would provide a tax credit for families who have expenses related to housing multiple generations under one roof. It aims to support families that choose to live together, making it more affordable for them.
If you live with your parents or children, you could get a tax break for your housing costs.
Who this affects
Families with elderly relatives · Families with adult children
What changes is this bill making?
1This bill allows families to receive a tax credit for certain housing expenses.
2The credit applies to costs related to housing for multiple generations living together.
3It aims to help families who support elderly relatives or adult children.
4The bill changes the tax code to include these housing expenses as qualified costs.
5It encourages more families to consider multigenerational living arrangements.
