The act would create a federal tax credit for licensed or certified health professionals who provide qualifying care at eligible facilities. The credit would be $300, $400, or $500 for each qualifying month, depending on the hours worked that month. To qualify, a person must provide at least 80 hours of qualifying services in each of at least eight months during the tax year. The credit would be limited to people with modified adjusted gross income of $200,000 or less, or $400,000 or less for joint filers and surviving spouses. Eligible facilities include Department of Veterans Affairs medical facilities and certain enrolled facilities in health professional shortage areas. The credit would apply to tax years beginning after 2025 and end after 2030. The act also directs the Government Accountability Office to study the credit and report to Congress by June 30, 2030.
Eligible health professionals could claim a tax credit based on their monthly hours of qualifying care. Some services, including personal care and certain equipment, home health, and hospice services, would not count. The credit would not be available to people above the income limits.
The act would reduce eligible taxpayers' federal income taxes. The text does not provide an estimate of the credit's total cost or the amount any person would receive over a full year.
No publicly available information.
No publicly available information.