An Act establishing a tax credit for families caring for elderly relatives and victims of Alzheimer's and Dementia

This bill creates a state tax credit for Massachusetts residents who provide the majority of financial support for elderly relatives or those with Alzheimer's and dementia. To qualify, the taxpayer must have supported the relative for more than half of the year, and the relative must have lived with the taxpayer for at least six months during that same period. The legislation offers a $2,500 credit against state taxes, which can result in a refund if the credit amount exceeds the taxes owed. Directly affected individuals are family members who are already caring for older relatives or those suffering from specific memory-related conditions within their own households.