This bill proposes to amend the Internal Revenue Code of 1986 by establishing a new Multigenerational Home Caregiver Credit . This credit aims to support adult caregivers who live with and provide care for elderly relatives, recognizing the benefits of multigenerational households for older adults, such as reduced depression and lower risk of nursing home transitions. The credit would provide an eligible individual with $2,000 for each qualified relative. To be an eligible individual , a caregiver must be at least 18 years old (or 16 and emancipated), a U.S. citizen, and share a principal place of abode with the qualified relative for at least six months of the taxable year. They must also provide a minimum of 10 hours of weekly assistance and include a licensed healthcare provider's attestation confirming the relative's care needs. A qualified relative must be aged 55 or older, bear a specific familial relationship to the caregiver, and be unable to perform at least one activity of daily living and three instrumental activities of daily living, requiring at least 10 hours of weekly assistance for a period of 180 days or more. The credit includes several limitations, such as a phase-out for taxpayers with adjusted gross incomes exceeding $75,000 for individuals or $150,000 for joint filers. A taxpayer can claim the credit for a maximum of two qualified relatives per taxable year, and married individuals must file a joint return to be eligible. This new credit would apply to taxable years beginning after December 31, 2026, and is designed to acknowledge and incentivize the significant care provided within multigenerational family structures.