AARP: Senator Charles Schumer Co-Sponsors Credit for Caring Act of 2016

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Statement on Senator Schumer’s Support of the Credit for Caring Act by Beth Finkel, State Director of AARP New York:

“AARP New York thanks Senator Charles Schumer for cosponsoring the Credit for Caring Act of 2016 and commends him on his commitment to today’s 40 million family caregivers.

“If passed, the Credit for Caring Act (S.2759) would provide a federal tax credit of up to $3,000 for eligible family caregivers who provide financial assistance to their loved ones, while working. In New York State alone, about 2.6 million family caregivers annually provide

approximately $31.3 billion in unpaid care for their parents, spouses, children with disabilities, and other loved ones.

“We are encouraged by the bipartisan support the Credit for Caring Act has received in Congress, and AARP will be urging all Senators to join Senator Schumer in co-sponsoring this bill.

“Earlier this year, Representative Tom Reed (NY-23) sponsored the Credit for Caring Act ( H.R. 4708) in the U.S. House of Representatives and Representatives Chris Gibson (NY-19) and Dan Donovan (NY-11) co-sponsored it.

“Sooner or later, we all may become or need a family caregiver. The Credit for Caring Act would help with the financial challenges for family caregivers when that time comes.”

Contact: Erik Kriss, ekriss@aarp.org

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AARP is a nonprofit, nonpartisan organization, with a membership of nearly 38 million that helps people turn their goals and dreams into 'Real Possibilities' by changing the way America defines aging. With staffed offices in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and promote the issues that matter most to families such as healthcare security, financial security and personal fulfillment. AARP also advocates for individuals in the marketplace by selecting products and services of high quality and value to carry the AARP name.  As a trusted source for news and information, AARP produces the world’s largest circulation magazine, AARP The Magazine and AARP Bulletin. AARP does not endorse candidates for public office or make contributions to political campaigns or candidates. To learn more, visit www.aarp.org or follow @AARP and our CEO @JoAnn_Jenkins on Twitter.

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