Hillary Clinton Proposes Tax Break for Caregivers

15693328451_f7e3bd143b_oIn what will hopefully be much more emphasis on caregiving from the presidential candidates, Hillary Clinton proposed a tax credit for caregivers taking care of elderly or disabled family members.

From her plan:

“Many family members, most often spouses and adult daughters*, spend time out of the workforce, cut back on hours, or use personal days, vacation, and family time to provide needed care. Providing informal caregiving can strain family finances, with caregivers suffering lost wages, health insurance, and Social Security benefits.”

Clinton’s plan would:

  • Provide up to $6,000 in tax credits to help family members offset caregiving costs for their elderly family members.
  • Launch a Care Workers Initiative to create a coordinated, government-wide initiative to address the challenges faced by paid care workers.
  • Expand Social Security so Americans receive credit toward their Social Security benefits when they are out of the paid workforce due to caregiving duties.
  • Invest $100 million in the Caregiver Respite program.

*emphasis mine

Photo credit: https://www.flickr.com/photos/marcn/15693328451

 

 

 

 

Share

Leave A Reply

Your email address will not be published.