I am writing to publicly thank Rep. Guy Reschenthaler for supporting Alzheimer’s legislation last year, which led to three vital pieces of legislation being passed. I also urge the congressman to support the Credit for Caring Act (HR 2036), a critical piece of legislation that would provide essential financial relief to millions of unpaid family caregivers.
Despite their invaluable contributions, many caregivers face severe financial hardships, with over 40% having annual household incomes below $50,000 and bearing out-of-pocket costs exceeding $10,000 per year. For example, our family has been forced to sell our home and move to a residence where my wife, Sara, who is living with early-onset Alzheimer’s, can receive better health care focused on Alzheimer’s disease.
The Credit for Caring Act proposes a nonrefundable federal tax credit of up to $5,000 per year for family caregivers. This credit would help offset costs such as respite care, transportation and lost wages, alleviating some of the economic strain on caregivers.
I urge Reschenthaler to advocate for the passage of the Credit for Caring Act and provide much-needed financial support to those who selflessly care for our loved ones.
Don Belt
Greensburg