Vermont unpaid caregiver tax credit for providing uncompensated care to family members.

This bill creates a Vermont unpaid caregiver tax credit to provide financial support to Vermonters who spend significant time providing uncompensated care for a family member. The credit is refundable and can be claimed by resident or part-year resident individuals who provide at least 20 hours per week of uncompensated care for a family member who needs assistance with daily activities, home health care, or safety at home, and has a medically diagnosed disability or health condition. The credit is reduced for individuals with an adjusted gross income exceeding $125,000.

Vermont unpaid caregiver tax credit for providing uncompensated care to family members.

This bill creates a Vermont unpaid caregiver tax credit to provide financial support to Vermonters who spend significant time providing uncompensated care for a family member. The credit is refundable and can be claimed by resident or part-year resident individuals who provide at least 20 hours per week of uncompensated care for a family member who needs assistance with daily activities, home health care, or safety at home, and has a medically diagnosed disability or health condition. The credit is reduced for individuals with an adjusted gross income exceeding $125,000.