05.15.19

Capito, Colleagues Introduce Bipartisan, Bicameral Bill to Assist Family Caregivers

WASHINGTON, D.C. – U.S. Senators Shelley Moore Capito (R-W.Va.), Joni Ernst (R-Iowa), Michael Bennet (D-Colo.), and Elizabeth Warren (D-Mass.)—along with U.S. Representatives Tom Reed (R-N.Y.) and Linda Sánchez (D-Calif.)—introduced a bipartisan, bicameral bill to support family caregivers across the country.

“As someone who helped care for both of my parents who passed away following their battle with Alzheimer’s, I saw firsthand the emotional and physical toll it can take on individuals and families,” Senator Capito said. “That’s why I’m glad to reintroduce the Credit for Caring Act with my colleagues as a step forward in helping to ease the financial burden caregivers face.”

“Iowa is home to over 300,000 family caregivers. Many of these individuals are juggling their own full-time or part-time employment while also selflessly caring for a loved one. Our bipartisan bill recognizes the additional financial responsibilities placed on our family caregivers and would provide an avenue of relief and support for these hardworking folks in Iowa and across the country,” Senator Joni Ernst said.

“Millions of Americans quietly bear the immense responsibility of caring for loved ones day-in and day-out, with little recognition or financial support – dedicating countless hours of care and covering costs so family members who are aging or otherwise in need of support can live their lives with independence and dignity,” Senator Bennet said. “This bipartisan tax credit will help ease the burden of the significant expenses that family caregivers shoulder. We should recognize and support the important work of family caregiving by passing this legislation.”  

“Millions of Americans care for loved ones who are ill or have serious medical conditions, often taking time off of work or juggling work, care, and other family responsibilities. Washington should be fighting for these families, which is why I am calling on Congress to pass this modest tax credit to make life just a little easier for them,” Senator Warren said.

“AARP is pleased to endorse the Credit for Caring Act and appreciates the bipartisan leadership of the bill’s Senate and House sponsors to support family caregivers,” Nancy LeaMond, AARP chief advocacy and engagement officer said. “Nationwide, 40 million family caregivers are assisting loved ones so they can stay in their homes and communities. In 2016, family caregivers spent an average of 20 percent of their income, or nearly $7,000, on care-related expenses. The Credit for Caring Act would provide some much-needed financial relief to eligible family caregivers. We look forward to working with the bill’s sponsors and Congress to enact this important legislation.” 

The Credit for Caring Act would provide working family caregivers with a nonrefundable tax credit up to $3,000 to assist with out-of-pocket expenses related to caregiving. This tax credit for caregivers can be used toward expenses such as transportation, home modifications to accommodate a family member, medication management services, and training or education for the caregiver.

You can find a one page summary of the Credit for Caring Act here. The text of the bill can be found here.

About the Credit for Caring Act:

  • Creates up to a $3,000 nonrefundable tax credit adjusted to inflation for family caregivers.
  • Applies to incurred family caregiving expenses greater than $2,000.
  • Qualified care recipients must have been certified by a health care practitioner to be in need of long-term care for at least 180 consecutive days.
  • Eligibility is limited to a caregiver of a qualified care recipient who must pay for caregiving expenses and has earned income in excess of $7,500.
  • Credit is phased out when income exceeds $150,000 for joint filers or $75,000 for individual filers.

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