This bill proposes the creation of a new federal tax credit, the Multigenerational Home Caregiver Credit , to support individuals who provide in-home care for elderly family members. The credit, amounting to $2,000 per qualified relative , is designed to recognize and alleviate some of the financial burden on caregivers who enable older adults to remain in their homes. To qualify, a caregiver must be at least 18 years old, a U.S. citizen, and share a principal residence with the qualified relative for at least six months, providing a minimum of 10 hours of weekly assistance with daily and instrumental activities of daily living, attested to by a licensed healthcare provider. Qualified relatives must be at least 55 years old, meet specific relationship criteria, and require substantial assistance with at least one activity of daily living and three instrumental activities of daily living for at least 180 days. The credit includes limitations such as a phase-out for taxpayers with adjusted gross incomes exceeding $75,000 ($150,000 for joint filers) and a maximum of two qualified relatives per taxpayer. It also requires married individuals to file a joint return and coordinates with the existing Child and Dependent Care Credit. The bill's findings highlight the benefits of multigenerational living for older adults, including reduced depression and lower nursing home risk, with the credit applying to taxable years beginning after December 31, 2026.