A senior Democrat in the U.S. House of Representatives has demonstrated the bipartisan appeal of tax credits for U.S. residents who help provide informal care for frail adults and adults with disabilities.[@@]
Rep. Robert Menendez, D-N.J., has introduced H.R. 3254, the Caregiver Assistance and Relief Effort bill.
The text of the bill was not immediately available, and it was not clear at press time how bill will differ from other LTC tax bills, but Menendez gave a general description earlier this week in an introduction printed in the Congressional Record.
The bill would provide a tax deduction for private long term care insurance premiums, and it also would include a tax credit for individuals who provide informal LTC services.
