Legislation proposed to help NJ family caregivers…

January 23rd, 2013 No Comments

A new bill is being proposed in Trenton for those who provide elder care in New Jersey for their older family members, designated as the Caregiver’s Assistance Act. This tax break is being proposed to the caregivers, as long as the relative lives with them full-time. This bill is designed to help baby boomers who find themselves caring for their aging parents. About 1.7 individuals from NJ are family caregivers. The proposed tax credit would help with those expenses not covered by Medicare, such as home care NJ services, health equipment and supplies, or home modifications, among others. The cap for the credit would be $675 per year for a couple making no more than $100,000 combined. To read the bill, go to http://bit.ly/148gXJK.

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