This bill establishes a gross income tax credit for qualified caregivers who incur expenses related to the care and support of a qualifying relative or individual with disabilities. Caregivers can claim a credit of up to $2,500 per taxable year for qualified care and support expenses, which must be substantiated with documentation such as receipts, proof of payment, and verification of care hours. The bill allows caregivers to claim this credit in addition to any dependent deductions for the same individual, and it ensures that if the credit reduces the caregiver's tax liability to zero, any remaining credit will be refunded as an overpayment of tax.

The bill defines a "qualifying relative" as a relative aged 65 or older, or aged 50 or older who qualifies for Social Security Disability Insurance and meets specific income criteria. It also outlines what constitutes "qualified care and support expenses," including costs for home health services, medical equipment, and transportation for medical care, while excluding expenses reimbursed by insurance or government programs. Additionally, the bill clarifies the definitions of "relative" and "disability" in accordance with existing laws. Overall, this legislation aims to provide financial relief to caregivers supporting individuals with disabilities or elderly relatives.