The National Alliance for Caregiving applauds Nebraska’s passage of the Caregiver Tax Credit Act. This $2,000 annual credit will offer much-needed financial relief to Nebraska’s family caregivers.

According to NAC and AARP’s Caregiving in the U.S. research, more than half of all family caregivers face negative financial consequences due to caregiving.

“Tax credits like Nebraska’s recognize the vital role caregivers play – not just in families, but in our communities and economy,” said Jason Resendez, President and CEO of the National Alliance for Caregiving. “We urge Congress to follow this example by passing the Credit for Caring Act, bringing us closer to a tax system that truly recognizes the value of America’s 53 million caregivers.

Nebraska joins Oklahoma in establishing a caregiver tax credit, both representing a critical step forward for advancing the National Strategy to Support Family Caregiver‘s vision for ensuring financial security for caregivers.

The bipartisan Credit for Caring Act would provide a refundable tax credit of up to $5,000 for working family caregivers and was sponsored in the Senate by Sens. Michael Bennet (D-Colo.), Shelley Moore Capito (R-W.Va.), Elizabeth Warren (D-Mass.), Susan Collins (R-Maine), Lisa Murkowski (R-Alaska) and Maggie Hassan (D-N.H.) and in the House by Reps. Mike Carey (R-Ohio) and Linda Sánchez (D-Calif.)