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Caregiver Tax Credit Proposed

March 21st, 2016

pensive woman counting the cost of medications for treatment at home

Proposed tax credit helps caregivers receive up to $3,000 in annual tax savings.

On March 3rd, the Credit for Caring Act of 2016 was introduced in the US House of Representatives. The bill would allow workers who earn at least $7,500 annually and are caregiver to a person with a disability to claim a tax credit. The credit is designed to offset out-of-pocket expenses such transportation, home modification, and assistive technology.

For more information, read the Disability Scoop article Tax Credit Proposed for Disability Caregivers.