Caregiver Tax Credit Bill Passes House

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Caregiver Tax Credit Bill Passes House

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OKLAHOMA CITY — A bill by Rep. Tammy West, R-Oklahoma City, that would grant an income tax credit for caregivers passed the House on Tuesday. House Bill 3371 would create the Caring for Caregivers Act, which would grant an income tax credit equal to half of the expenses of providing care for an older loved who is certified to need help with at least two activities of daily living.

The non-refundable tax credit would be capped at $2,000 unless the loved one being cared for is a veteran or is suffering from Alzheimer’s or related dementia. Then the credit would be increased to $3,000.

The credit would cover costs such as:

•Home alterations to allow the family member to remain safe and mobile;

•Durable medical equipment and technology;

•Home care and personal aide attendants; and

•Respite and adult day care.

HB3371 moves to the State Senate to be picked up by Sen. Frank Simpson, R-Springer.