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Wyoming AARP hosts tele-townhall on expected caregivers tax credit
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Advocates for family caregivers are expecting federal lawmakers to propose a tax credit for the group, after President Donald Trump said on the campaign trail that he'd support one.
Wyoming caregivers can learn more at a webinar on Wednesday.
Wyoming's 58,000 caregivers in 2023 provided 54 million hours of unpaid family care, according to AARP Wyoming.
State Director Sam Shumway said the group has been working to get a form of financial help to caregivers for years.
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"As they're struggling to hold down a job, take care of families and be a caregiver," said Shumway, "there may be some financial reprieve for them in the form of this Credit for Caring Act."
The 2024 Credit for Caring Act, which died in committee, would have given caregivers tax credits of up to $5,000 for 30 percent of the cost of long-term care expenses exceeding $2,000.
Shumway said he expects that a 2025 version will be introduced soon.
Details and registration for the February 12 webinar are available on the AARP Wyoming Facebook page.
According to AARP, caregivers on average spend more than $7,200 per year on expenses related to that care.
Shumway said he was "encouraged" by Trump's show of support and is optimistic that Wyoming's all-Republican delegation will follow suit.
"We feel like that right now we have a window of opportunity to work with our congressional delegation, particularly here in Wyoming," said Shumway, "to help them understand the importance of this for Wyomingites."
Unpaid Wyoming caregivers provided about $910 million in economic value in 2023, according to AARP Wyoming.