H.R. 7584: Multigenerational Family Tax Credit Act of 2026

Why it matters

If enacted, the bill would help families pay for the expensive but often unavoidable changes that make shared living possible, including safety, mobility, and accessibility upgrades for a parent age 65 or older or a disabled qualified relative who lives in the taxpayer’s principal residence more than half the year. The winners are middle- and upper-middle-income households under the bill’s phaseout thresholds of $200,000 for single filers and $400,000 for joint filers; the limitation is that only half the credit is refundable, so the lowest-income families may still struggle to front the costs this credit is supposed to ease.