AARP is urging passage of the bipartisan, bicameral Credit for Caring Act (S. 1670/H.R. 3321) introduced by Senators Ernst, Bennet, Capito, and Warren and Representative Sánchez that would provide a new, non-refundable federal tax credit of up to $5,000 to eligible family caregivers to help address the financial challenges of caring for older parents, spouses, and other loved ones while remaining in the workforce. The vast majority of individuals 50-plus (92
This year, AARP Massachusetts is focused on four major legislative priorities: a caregiver tax credit to cover expenses a taxpayer incurs for the care and support of a qualifying family member; nursing home reform; growing home- and community-based services; and expanding the Massachusetts Defined Contribution CORE Plan, a retirement plan designed for the state’s nonprofits.
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