However, in some cases caregivers are not employed. In those cases, the caregiver must still declare compensation as income on their 1040 or 1040-SR form and may be required to pay self-employment tax, depending on the facts and circumstances. A credit is important for the caregiver's and caregiver's finances, but it has a ripple effect as a type of support for the caregiver. 61 percent of those caregivers also have a part-time or full-time job, in addition to their responsibilities for Home Care near Naperville IL.The Care Credit Act would help working family caregivers offset the cost of some care expenses, such as a home care assistant, adult day services, home modifications, assistive technology, respite care, transportation, or other supports to help them and their loved ones.
Too often, employed family caregivers leave the workforce or reduce their hours to fulfill their care obligations, which can result in a loss of income, retirement savings, benefits and professional mobility. Caregivers are often employed by the people they serve because they work in the homes of older or disabled people, and these people have the right to tell caregivers what to do. The COVID-19 pandemic has significantly increased these risks, as the services that family caregivers rely on, such as day services for adults, have been closed, further shifting responsibilities to family caregivers.
