More than 40 million Americans provide unpaid care to family members and relatives to help them live independently at home and avoid more expensive institutional care. This support, ranging from everyday chores to complex medical tasks is often provided while juggling work and raising families.
Bipartisan efforts are currently underway in Congress to provide a tax credit to working family caregivers. The administration's tax overhaul plan includes tax relief for child care and dependent expenses. What approach is Congress likely to take and what are the cost-benefit ramifications here?
As tax reform negotiations gained traction in Washington, The Hill convened key policymakers for a discussion about the cost of family caregiving.