Proposed legislation, called the Credit for Caring Act, would create a federal, nonrefundable tax credit of up to $3,000 for family caregivers who work while also financially helping their parents, spouses, children and adults with disabilities or other loved ones.
The bill (S. 1151/H.R. 2505) was introduced by Sens. Joni Ernst (R-Iowa), Michael Bennet (D-Colo.), Shelley Moore Capito (R-W.V.) and Elizabeth Warren (D-Mass.), and Reps. Tom Reed (R-N.Y.) and Linda Sánchez (D-Calif.).
AARP has endorsed the Credit for Caring Act, as have other national organizations. AARP is urging the inclusion of this family caregiver tax credit in the final tax reform package.
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