Caregiver Assistance and Relief Effort (CARE) Act (2010)

Federal bill would allow taxpayers a tax credit starting at $2,500 in 2010, with a reduction of $100 for every $1000 the taxpayer earns over $75,000, if they care for a family member with long-term care needs. The credit would increase to $2,750 in 2011 and $3,000 in 2012. The bill would increase funding for the National Family Caregiver Support Program (NFCSP) to $250million in FY 2011, from $154million in FY 2010. It would also allow a tax deduction for long-term care insurance premiums and apply certain consumer protection provisions to long-term care insurance contracts.

Bill Number H.R. 1192/ S 2958

Sponsor Rep. Eddie Bernice Johnson (D-TX)/ Sen. Bob Menendez (D-NJ)

Date of Introduction 2/25/2009 in House; 1/27/2010 in Senate

Latest Activity Stalled (did not pass in 111th Congress)

More Info http://thomas.loc.gov/

Topic: Caregiver Tax Incentives