A bill introduced in the U.S. House of Representatives this week would give qualifying families caring for a loved one with a disability a tax credit to cover caregiving expenses.
Its called Credit for Caring, and would cover 30 percent of caregiving expenses — with a $3,000 maximum over the course of a year. The tax credit would offset expenses for everything from groceries to home modifications, according to Disability Scoop.
“This is more than just another tax credit,” U.S. Rep. Linda Sánchez of California, who cosponsored the bill, said in a press release. “This is about how we can help older adults and people with disabilities live independently in their own homes and communities.”
To be eligible, caregivers would have to be working and earning at least $7,500 per year. It would also apply for those taking care of an older family member.
“It’s a win-win,” said Rep. Tom Reed of New York, who also cosponsored the bill. “Families will stay together and those in need of assistance have access to better care.”
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h/t Disability Scoop