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WASHINGTON — AARP commends the reintroduction of the Credit for Caring Act, legislation that would provide financial relief to eligible working family caregivers. The bill, introduced in the Senate by Senators Shelley Moore Capito (R-WV) and Michael Bennet (D-CO) and the House by Representatives Mike Carey (R-OH) and Linda Sánchez (D-CA), offers up to a $5,000 nonrefundable federal tax credit to help offset caregiving expenses, addressing the significant personal and financial sacrifices caregivers make to support their loved ones. On average, family caregivers spend over $7,200 annually—26% of their income—on out-of-pocket expenses.
WASHINGTON—Today, AARP is releasing a new poll, revealing overwhelming voter support for Congress and the Administration to act now on a caregiver tax credit. The poll underscores the urgent need for congressional support, with 84% of voters backing a federal tax credit to help cover the costs of caring for an aging loved one. Among various tax proposals currently being debated—including eliminating income taxes on Social Security, tips, and overtime pay—voters ranked passing a caregiver tax credit as their top priority. During his campaign, President Trump called for a national tax credit for caregivers.
Today, one day before the first presidential debate, hundreds of AARP employees and volunteers from all 50 states and nearly two dozen actors from The Creative Coalition will embark on Capitol Hill to urge elected representatives to support family caregivers. According to a recent poll of competitive congressional districts, family caregivers account for 1 in 5 likely voters ages 50+ and cite financial stress as top-of-mind ahead of November. The bipartisan Credit for Caring Act, which AARP has fought hard for, would help cover the $7200 that many families spend yearly on out-of-pocket caring costs.
WASHINGTON-- AARP Executive Vice President and Chief Advocacy and Engagement Officer Nancy LeaMond issued the following statement in response to the Centers for Medicare & Medicaid Services final...
