On March 11, a group of bipartisan, bicameral legislators, led Rep. Mike Carey (R-OH), Rep. Linda Sanchez (D-CA), Sen. Shelley Moore Capito (R-W.VA.) and Sen. Michael Bennett (D-CO) reintroduced the Credit for Caring Act, which would provide a federal, nonrefundable tax credit of up to $5,000 for working family caregivers. Caregivers with an earned income of at least $7,500 annually would be eligible for the credit if their care recipient meets certain functional or cognitive limitations. The credit would phase out for individual filers earning more than $75,000 in a taxable year and $150,000 for joint filers.
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