In 2017 Arizona State Representative Heather Carter proposed HB 2209 “Family Caregiver Income Tax Credit” that would give up to $1,000 tax credit to those family caregivers who pay out of pocket expenses in the service of their loved ones.
There is a great deal of confusion surrounding the state of taxes in America. Congress will continue to push forward on tax reform with the approval of the budget in the Senate, but there is one aspect that AARP doesn’t want to get lost in the shuffle: The Medical Expense Deduction. Essentially, this allows you to deduct out-of-pocket medical expenses after exceeding a certain level of income based on your age.