Vermont S0231 establishes a family caregiver tax credit for expenses related to care for family members with long-term care needs.

Vermont S0231 introduces a tax credit for residents and part-year residents who incur expenses for care provided to a family member with long-term care needs. The credit is equal to 30 percent of qualified expenses, with a maximum allowable credit per taxable year. Qualified expenses include expenditures for goods, services, and supports that assist an individual with long-term care needs with activities of daily living and may include reasonable expenditures for goods, services, and supports for the caregiver.

Vermont S0231 establishes a family caregiver tax credit for expenses related to care for family members with long-term care needs.

Vermont S0231 introduces a tax credit for residents and part-year residents who incur expenses for care provided to a family member with long-term care needs. The credit is equal to 30 percent of qualified expenses, with a maximum allowable credit per taxable year. Qualified expenses include expenditures for goods, services, and supports that assist an individual with long-term care needs with activities of daily living and may include reasonable expenditures for goods, services, and supports for the caregiver.