AARP Oklahoma commends the reintroduction of the Credit for Caring Act, legislation that would provide financial relief to eligible working family caregivers. The bill, co-sponsored by Rep. Tom Cole, offers up to a $5,000 nonrefundable federal tax credit to help offset caregiving expenses. It addresses the significant personal and financial sacrifices caregivers make to support their loved ones. On average, family caregivers spend over $7,200 annually—26% of their income—on out-of-pocket expenses.
AARP Oklahoma is hosting an interactive telephone town hall and will discuss the latest frauds and scams and share free resources from the AARP Fraud Watch Network, on April 16 at 10 a.m. CST.
The new Caring for Caregivers Eligibility Tool walks family caregivers in Oklahoma through five questions to determine if they qualify for the family caregiver tax credit.