A pair of lawmakers on the tax-writing House Ways and Means Committee have introduced bipartisan legislation to provide a tax credit for caregiving expenses.
[IMGCAP(1)]Rep. Linda Sánchez, D-Calif., who chairs the Congressional Hispanic Caucus, and Rep. Tom Reed, R-N.Y., introduced the Credit for Caring Act, which provides a tax credit to working family members equal to 30 percent of a caregiver’s expenses greater than $2,000. The bill aims to reward working taxpayers and encourage continued participation in the workforce while providing care to a loved one.
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