Tax Relief for Family Caregivers and Employers

Vote for tax incentives for long-term care insurance at www.caring.com

A number of bills with bipartisan support have been introduced in Congress in recent years to provide caregiver tax incentives to help offset the thousands of dollars in lost wages and other expenses that family and informal caregivers at all income levels incur. Among the approaches currently under consideration: an annual refundable tax credit for persons with long-term care needs or their family caregivers, credits for specified caregiving expenses (such as home care services, respite, food, and transportation), a tax deduction to help consumers pay long-term care insurance premiums for policies that meet consumer protections, and inclusion of long-term care coverage in employer cafeteria plans. There's no shortage of good ideas for providing tax report for family caregivers. There has been a shortage of results. We encourage the 111th Congress to act.

LINK: Caring.com