|Family caregivers may find ways to get paid.|
- Caregivers who pay at least half the expenses of a parent whose annual income is less than $3,900, not including Social Security payments, may be able to receive a tax break by claiming the parent as a dependent.
- A caregiver who cannot claim a parent as a dependent, but who pays at least half of a parent’s living expenses, may receive a tax break if costs exceed 10 percent of the caregiver’s adjusted gross income. If the caregiver is age 65 or older, the amount need only exceed 7.5 percent of adjusted gross income.
- Some U.S. veterans may be eligible to enroll in assistance programs that allow them to manage and pay for their own in-home care. Eligibility requirements include needing assistance with daily living activities and having income and assets below determined amounts.
- Seniors who are low-income and eligible for Medicaid may receive a small amount of state aid to pay caregivers. Some states offer other aid options to seniors who don’t qualify for Medicaid.
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