TULSA, Okla. — Karry Ward knows the world of caregivers inside and out.
Professionally, she works for LIFE Senior Services as a physical therapist. Personally, she cares for her grandparents, who are in their 90s.
"There are so many aspects to caregiving that sometimes, we can’t always prepare for," Ward said. "The water bill, your electric bill, the food, your grocery bill may go up."
To help people like Ward, the Oklahoma legislature passed the Caring for Caregivers Act in 2023. The act gives unpaid caregivers, which is often those who care for elderly family members, up to $2,000 or $3,000 in tax credits for out-of-pocket costs incurred for eligible expenses.
Caregivers can claim things like equipment, medication, and household modifications. Hiring house call professionals and adult day care tuition are also covered.
The credit is capped at $2,000 for most people, but veterans or people with dementia can claim up to $3,000 in credits. The bill caps the state's spending at $1.5 million.
There are some qualifications for the credit:
- The loved one must be at least 62 years old
- They must be related by blood or marriage to the person giving the care
- They must need daily assistance with one of these activities.
The Act took effect on Jan. 1, 2024.
This credit provides some financial relief – and maybe some emotional support, too.
"Don’t be afraid to ask for help. And it’s OK to feel overwhelmed," Ward said.
Read more about the act here.
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