Social Security Caregiver Credit Act of 2023 This bill credits certain individuals who provide at least 80 hours of care per month to dependent relatives without monetary compensation with up to five years of deemed wages (determined by a specified formula) for purposes of determining their Social Security benefit amounts. However, if an individual is otherwise entitled to a larger benefit amount, this provision shall not apply.
Social Security Caregiver Credit Act of 2023 This bill credits certain individuals who provide at least 80 hours of care per month to dependent relatives without monetary compensation with up to five years of deemed wages (determined by a specified formula) for purposes of determining their Social Security benefit amounts. However, if an individual is otherwise entitled to a larger benefit amount, this provision shall not apply.