Legislators Propose Tax Credits Up to $675 for At-Home Caregivers
But GOP lawmakers question how to pay for program to help families with cost of aiding elderly.
Caregivers struggling with the cost of aiding older relatives would receive tax relief under a bill that is advancing in the Legislature. The bill, AA-3404, would provide up to $675 in tax credits for individuals and couples who provide care for a family member who is at least 60 years old and lives in the home of the caregiver. A Medicaid waiver the state received last year aims to encourage more seniors to live at home longer and stay out of nursing homes. But there is concern that there will be fewer at-home caregivers available, since insurance companies are reducing reimbursement rates for them. As a result, more families are expected to have to provide care themselves for their elderly relatives. The tax credit would help ease some …
