The purpose of the Americans Giving Care to Elders Act of 2026 is to provide financial relief to individuals who incur expenses while caring for elderly family members. This legislation aims to ease the financial burden of eldercare by allowing taxpayers to claim a tax credit for certain costs associated with caring for qualifying individuals. Key provisions of this law include the establishment of a tax credit for eldercare expenses. Individuals can receive a credit equal to 20 percent of their eligible eldercare expenses, which are capped at $6,000 per year.