Credit for Caring Act Reintroduced in Congress

The Credit for Caring Act, a bipartisan bill designed to provide much-needed financial relief for family caregivers, was reintroduced in the House/Senate yesterday by Sens. Shelley Moore Capito (R-WV Michael Bennet (D-CO), Reps. Mike Carey (R-OH-15), and Linda Sánchez (D-CA-38). HCAOA strongly supports this legislation, which aims to ease the financial strain for those caring for aging parents, spouses, and other loved ones with long-term care needs.

Under the Credit for Caring Act, qualifying family caregivers would be eligible for a refundable tax credit of up to $5,000. This credit would cover 30% of qualified expenses that exceed $2,000, offering tangible financial support to those who often bear significant out-of-pocket costs associated with caregiving.
 
The bill includes eligible expenses, such as respite care, home modifications to improve accessibility, medical equipment, and assistive technologies. It also covers lost wages for caregivers who take unpaid time off, transportation costs for medical appointments, and training and support programs that help family caregivers provide better care.
 
This legislation will not only benefit caregivers but also help improve access to high-quality care HCAOA members offer across the nation. HCAOA will keep members updated as the bill progresses and how members, their caregivers and clients can take action to encourage lawmakers to support the bill.