NY - Caregiver Tax Credit (2007)

Bill would provide caregivers with a refundable income tax credit of 20% on the first $2,400 spent on qualified care expenses, plus an additional $75 tax credit for any amount spent over $240. Qualified caregivers are those with an adjusted gross income less than $45,000, or $60,000 for married couples. Care recipients must be 60 years or older, live with the caregiver, be related to the caregiver within three degrees, and have an adjusted gross income of $13,000 or less, or $20,000 or less for married couples. Qualified expenses include home health agency services, adult day services, personal care services, respite care, health care equipment, home modification, etc.

State New York

Bill Number S. 459/ A.1464

Date of Introduction 1/3/2007

Latest Activity Bill did not pass in the Legislative session.

More Info http://assembly.state.ny.us/leg/

Topic: Caregiver Tax Incentives