The purpose of the Social Security Caregiver Credit Act of 2026 is to provide financial recognition and support for individuals who serve as caregivers for dependent relatives. This legislation aims to help unpaid caregivers by allowing them to receive deemed wages for their caregiving services, which can enhance their retirement security. Key provisions of the Act include defining what constitutes a "qualifying month" for caregivers, which is any month in which the caregiver provides at least 80 hours of care to a dependent relative without monetary compensation.