(Washington D.C.) U.S. Third District Congresswoman Cindy Axne is one of three representatives to unveil bipartisan legislation that supports Americans caring for older family members by offering tax credits to cover the costs of eldercare.
The American Giving Care Elders (Age) Act would provide tax credits of up to $1,200 to taxpayers earning under $200,000 to offset expenses incurred providing elder care, including the costs of personal care, technological and environmental improvements, and care centers.
An estimated 44 million adults serve as unpaid caregivers in the U.S., assisting parents and relatives with functional limitations who require assistance with transportation, personal care, and other day-to-day activities.
Approximately one-third of caregivers leave the workforce entirely to provide care for someone in their life.
AGE Act tax credits would be available to Americans caring for their parents, grandparents, in-laws, or individuals living with a taxpayer.
