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Caregivers in California may want to take advantage of two opportunities to benefit—both directly and indirectly—during the 2001 tax season.
As part of Governor Davis’ Aging with Dignity initiative, the California legislature enacted legislation designed to provide financial relief from the direct costs of long-term care. Eligibility for the $500 tax credit is dependent on a number of criteria, including:
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The caregiver must have an adjusted gross income of less than $100,000.
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The care recipient must require substantial assistance or supervision for 180 or more consecutive days.
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The care recipient’s long-term care needs must be certified by a physician.
For a complete description of the eligibility requirements and limitations associated with the new credit, read FCA’s new Fact Sheet, “California Long-Term Care Tax Credit”. You may also obtain a print copy of the Fact Sheet by sending $1 to Fact Sheets, Family Caregiver Alliance, 180 Montgomery Street, Suite 1100, San Francisco, CA 94104.
Caregivers in California can also use tax Form 540 to support research for a cure for Alzheimer’s disease. Any dollar amount written on Line 52 will help fund state Alzheimer’s disease research institutions in California through a competitive grants program. Donations will be automatically added to your tax liability or deducted from your refund.
Visit www.ftb.ca.gov for more information on making a donation on your state tax return.
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