HCAOA has joined forces with AARP and more than 50 other industry leaders to continue to urge Congress to include a family caregiver tax credit in the final version of the budget reconciliation package. This week, letters were sent to Speaker of the House Nancy Pelosi, and Republican leader Kevin McCarthy, to applaud the inclusion of a family caregiver tax credit in the legislation approved by the House Ways & Means Committee on September 15.
This credit provides a non-refundable credit, up to $4,000, equal to 50 percent of the qualified expenses paid or incurred by a qualified care recipient during the taxable year through 2025. HCAOA and members have been strong supporters of this bipartisan proposal to support family members who assist with long-term care, including expenses such as respite care, counseling, support, training, travel, and technology. Click here to learn more about the Credit for Caregiver Expenses included in the bill.