Saturday, 28 November 2015 23:09

Hillary Clinton Proposes $6,000 Tax credit for Family Caregivers

Written by Will Branning
Will there be a New Caregiver Tax Credit? Will there be a New Caregiver Tax Credit?

The presidential hopeful's plan would affect millions of family caregivers.

Clintons Caregiver Tax Break

This week Democratic presidential candidate Hillary Clinton has proposed a new tax break for those caring for elderly or disabled family members.

She will also propose expanding Social Security benefits for caregivers, saying many see their benefits reduced when they must take time off from work to care for ailing relatives.

"As baby boomers age, more and more families will need to provide care for or will need care from loved ones. 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 - The Clinton campaign

Under her proposal, family caregivers with a combined household income under $120,000 could claim up to $1,200 in tax credits per year.

As part of the plan, family caregivers would also be able to accrue Social Security benefits for caregiving while outside of the paid workforce.

“No one should face meager Social Security checks because they took on the vital role of caregiver for part of their career,” - Clinton campaign fact sheet

Additional articles relating to this exciting and forward looking proposal by the candidate can be viewed at these links:

Clinton Tax Break Proposal - Caring .com

Clinton Tax Break Proposal - Politico

Good news as the political conversation turns its attention to the millions of family caregivers in the U.S. !

Last modified on Sunday, 17 April 2016 18:25

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