Post by Logan on Jun 7, 2016 11:51:51 GMT -6
Sen. Jon Tester, D-Mont., recently said he has introduced legislation that will give financial aid to families providing long-term care for loved ones.
The Credit for Caring Act will create a nonrefundable tax credit worth up to $3,000 per year for people who spend more than $2,000 on caregiving expenses. Tester’s bill will help families pay for home modifications and medical supplies — as well as help reimburse family caregivers for lost wages and unpaid time-off due to providing care.
“This bill provides family caregivers with more financial certainty, which will increase the quality of care they can provide, and allow seniors to remain in their own homes,” Tester said via email. ”Establishing this tax credit is good for families, good for seniors, and good for our economy.”
Tester was joined Wednesday in Billings by Al Ward, state president of the American Association of Retired Persons and Kathleen Burke, a Billings native who was a caregiver for her parents and grandparents while they were living with Alzheimer’s. AARP has endorsed the bill.
Read more: www.greatfallstribune.com/story/news/local/2016/06/05/tester-introduces-caregivers-act/85459376/
The Credit for Caring Act will create a nonrefundable tax credit worth up to $3,000 per year for people who spend more than $2,000 on caregiving expenses. Tester’s bill will help families pay for home modifications and medical supplies — as well as help reimburse family caregivers for lost wages and unpaid time-off due to providing care.
“This bill provides family caregivers with more financial certainty, which will increase the quality of care they can provide, and allow seniors to remain in their own homes,” Tester said via email. ”Establishing this tax credit is good for families, good for seniors, and good for our economy.”
Tester was joined Wednesday in Billings by Al Ward, state president of the American Association of Retired Persons and Kathleen Burke, a Billings native who was a caregiver for her parents and grandparents while they were living with Alzheimer’s. AARP has endorsed the bill.
Read more: www.greatfallstribune.com/story/news/local/2016/06/05/tester-introduces-caregivers-act/85459376/