The main purpose of this legislation, known as the Social Security Caregiver Credit Act of 2026, is to provide financial recognition to individuals who serve as caregivers for dependent relatives. It aims to help these caregivers by allowing them to receive deemed wages for their caregiving work, which can enhance their future Social Security benefits and retirement security. Key provisions of the legislation include the establishment of "deemed wages" for caregivers who provide unpaid care to dependent relatives.