Establishes a caregiver tax credit and a family caregiver reimbursement program in New York.
The bill establishes a caregiver tax credit of up to six thousand dollars for taxpayers who care for individuals aged eighteen or older needing assistance with daily activities. It also creates a family caregiver reimbursement program to offset out-of-pocket expenses, including home modifications and assistive technology. The tax credit is available for qualifying taxpayers who meet specific criteria, such as being a dependent under federal tax law. The program aims to support family caregivers by reducing their financial burden.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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