New Jersey A577 provides a gross income tax credit for caregivers of qualifying senior family members.
New Jersey A577, the Caregiver's Assistance Act, offers a gross income tax credit for certain expenses related to the care and support of a qualifying senior family member. A qualifying senior family member is defined as an individual who is 60 years or older and a relative of the caregiver, or 50 years or older, a relative, and qualifies for Social Security Disability Insurance, with income not exceeding the New Jersey Elder Index. Qualified caregivers, who must have income below specified limits, can claim a credit of up to 22.5% of qualified care expenses, up to $3,000 annually.
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