592: 2024 Form 592 Caring for Caregivers Tax Credit (2024)
Oklahoma · Oklahoma Tax Commission · Used for tax years 2024
Oklahoma Form 592 calculates the Caring for Caregivers Tax Credit. It records information about the family caregiver and eligible family member, lists eligible care expenses, and computes a credit equal to 50% of those expenses, subject to the maximum allowed credit.
Who files this form
Form 592 is used to claim Oklahoma’s Caring for Caregivers Tax Credit for tax year 2024.
A family caregiver must:
- Provide care and support to an eligible family member.
- Have federal adjusted gross income of less than $50,000 for an individual or less than $100,000 for a couple filing jointly.
- Personally incur uncompensated expenses directly related to the family member’s care.
The family member must:
- Be age 62 or older.
- Need help with at least two activities of daily living, as certified by a licensed health care provider.
- Be the caregiver’s dependent, spouse, parent, or another relation by blood or marriage.
- Live in a private residential home, not an assisted living center, nursing facility, or residential care home.
What you'll need
- Supporting documents, such as receipts, for each eligible expense.
- Proof of veteran status or a dementia diagnosis if claiming the higher maximum credit.
- The caregiver’s name, mailing address, and SSN or ITIN.
- The eligible family member’s name, mailing address, SSN, date of birth, relationship to the caregiver, and veteran or dementia status.
- The number of caregivers who will claim the credit for that family member.
- Each expense’s type, vendor, description, payment date, and amount.
The family member’s need for help with at least two activities of daily living must be certified by a licensed health care provider.
How to file
- Complete Parts 1 and 2 with the caregiver’s and eligible family member’s information.
- Read the Part 3 instructions before listing expenses. For each expense, enter its category number, vendor, description, date paid, and amount. Provide supporting documents.
- In Part 4, total the eligible expenses and calculate 50% of that total. The credit is the smaller of that amount or the applicable maximum credit.
- Enter the total credit on Form 511-CR, line 7, to claim it.
The supplied text does not give mailing, e-filing, or delivery-address instructions.
Common mistakes
- Leaving out supporting documents. Provide documents, such as receipts, for every eligible expense. Missing documents may delay the credit or cause it to be disallowed.
- Including general household maintenance. Painting, plumbing, electrical repairs, and exterior maintenance are not eligible expenses. Expenses must be directly related to helping the caregiver provide care.
- Omitting proof for the higher credit limit. Provide proof of veteran status or a dementia diagnosis when using the $3,000 maximum.
- Skipping the expense instructions. The form tells you to read the Part 3 instructions before completing that part.
Questions people ask
How much is the credit?
The credit is 50% of eligible expenses, up to $2,000 per eligible family member. The maximum is $3,000 if the family member is a veteran or has a dementia diagnosis.
What if more than one caregiver claims the credit for the same person?
The maximum allowable credit is divided equally among the caregivers claiming the credit for that family member.
What kinds of expenses qualify?
Eligible expenses include changes to the caregiver’s or family member’s primary residence that allow the family member to live there and remain mobile, safe, and independent. They also include purchasing or leasing equipment needed for daily living activities and care-related expenses such as home care aides, respite care, adult day care, personal care attendants, health care equipment, and technology. Expenses must be directly related to helping the caregiver provide care.
Can I claim the credit for someone who lives in a nursing facility?
No. An eligible family member must live in a private residential home, not an assisted living center, nursing facility, or residential care home.