Exciting updates
Caregivers spend a whopping $7,200 out of pocket. A new bill would provide some tax relief.
According to USA Today, “more than 48 million Americans are caregivers, providing more than $600 billion in unpaid care for their loved ones. That’s doing everything from helping prepare meals and paying bills to assisting with medication and medical/nursing tasks in order to help parents, spouses and loved ones live independently in their homes.
Sixty-one percent of those caregivers also have a part-time or full-time job, on top of their caregiving responsibilities. The average caregiver in the U.S. spent $7,242 in out-of-pocket costs in 2021, according to the AARP.
But a new bill could offer caregivers some financial relief.
On Wednesday, a bipartisan group of U.S. Senators and members of the U.S. House of Representatives reintroduced a piece of legislation that would provide help in the form of a federal tax credit for eligible working family caregivers. The Credit for Caring Act, if passed, would provide financial support for individual caregivers by providing up to a $5,000 nonrefundable federal tax credit for eligible working family caregivers, that would cover 30% of qualified expenses they incurred above $2,000.”
Source: Caregivers spend $7,200 out of pocket; New bill provides tax relief (usatoday.com)
Introducing our new Operations Director and Education Specialist: We are delighted to announce the expansion of our team with the appointment of two incredible people. Our new Operations Director, an experienced nurse case manager, brings over 30 years of expertise to enhance our services and ensure seamless operations. Additionally, our newly onboarded Education Specialist is a gerontologist with great experience and passion, dedicated to providing valuable insights and support to families, employers, and community organizations.
Share More Stories partnership: In our commitment to better understand and serve our community, we have partnered with Share More Stories. Through this collaboration, we invite caregivers and those who have in the past or are currently navigating care for loved ones to share their experiences confidentially. Your stories will guide us in refining our services to meet your unique needs. See link below to submit your stories. If you submit a story, you could win $100 gift card to Starbucks! http://seeq.sharemorestories.com/caregiving
