Senator Introduces Bill to Provide Caregivers Tax Credit
U.S. Senator Amy Klobuchar (D-Minn) announced legislation to make long term care policies more transparent and assist families who care for aging family members.
“Seniors deserve high-quality long-term care that works for them and their families,”said Klobuchar. “These bills will help ensure that long-term care programs are easy to navigate and make it easier for families to care for their loved ones.”
The Americans Giving Care to Elders (AGE) Act, which was introduced with Senator Barbara Mikulski (D-MD), would establish a federal tax credit to assist with the costs of caring for an aging family member. The bill would allow families to qualify for a tax credit up to $1,200 per year.
LeagingAge, an association make up of 5,400 non-profits organizations that include a wide range of senior services applauded the move.
“We commend Senator Amy Klobuchar for reintroducing the Americans Giving care to Elders (AGE) Act as a manifestation of her commitment to caregivers and the elders that they serve,” said Larry Minnix, President of LeadingAge. “Caregivers are the backbone of service delivery for elders with chronic diseases.”
For more information, see the bill here.
Written by John Yedinak