Summary of Statistics
For many people in Arizona, becoming a paid caregiver for family can provide a reliable source of supplemental income. Whether you provide care part-time or have had to give up employment to become a full-time caregiver for someone you love, Aidaly can help.
We understand that providing quality support and care to those who need it most is most prominently dependent on financial stability, that's why we're on a mission to connect caregivers with the resources they need to get paid for their care work
Read on to learn more about how you can get paid for being a family caregiver in Arizona. Ready to get started? Check your eligibility today.
Tax Benefits
The government provides some financial assistance that can alleviate your tax burden. Unless you know what you're eligible for, or work with someone who does, you may miss out.
Arizona caregivers may be eligible for three tax benefits that can save you money.
The Child Tax Credit and Tax Credit for Other Dependents
People who claim their children or other dependents on their federal tax return can receive up to $2,000 for each qualified dependent. This credit is fully refundable, which means that you can get the money even if you owe no taxes. To receive the credit, you must meet certain income requirements. Read more about this credit here.
The Child and Dependent Care Tax Credit
If you paid someone to care for your dependent while you were at work, or while you were looking for work, you can get money back even if you owe no taxes. Up to $8,000 of what you paid for daycare, day camps, babysitting, adult day programs, or caregiving while you were working or looking for work can be claimed. Learn more about this credit here.
Medical and Dental Expenses Tax Deductions
If you spent more than 7.5% of your adjusted gross income (AGI) on medical or dental expenses that weren’t paid back by your insurance, you can deduct that money from your taxable income and owe less on your taxes. You can count any money you spent on eligible expenses for yourself, your spouse, and your dependents which can add up quickly. Learn more here.
Veterans Benefits
Veterans in Arizona may be eligible for benefits to help pay for caregiving services. Veterans who are unable to perform daily activities due to a disability or whose medical condition requires assistance with activities of daily living can apply for Aid and Attendance through the Department of Veterans Affairs (VA).
Aid and Attendance is an enhanced monthly pension payment that helps Veterans and their families pay for caregiving services. To qualify, Veterans must meet certain eligibility requirements, including income thresholds, service-connected disabilities, and other criteria.
In addition to Aid and Attendance, there are several other programs available through the VA which may provide additional benefits to Arizona caregivers of Veterans. For more information about the specific programs available, please contact your local VA or visit the VA’s website. You can also learn more about the benefits here.
Arizona Veterans may also be eligible for additional benefits through the state’s Disabled Veterans Pension Program (DVPP). This program provides a monthly cash payment to low-income disabled Veterans who meet certain eligibility requirements.
Caregivers of disabled Veterans in Arizona are encouraged to contact their local DVPP office for more information about the benefits available.
Finally, Arizona caregivers may be eligible for tax credits through the state tax credit program. This program provides qualifying Arizona residents with a nonrefundable credit against their state income tax liability. Eligibility requirements vary by credit, so it’s important to research the specific requirements for each credit to determine if you are eligible.
Additional resources:
9 Free Resources for Family Caregivers in Arizona
How to Apply for Medicaid in Arizona: A Comprehensive Guide for Family Caregivers
What You Need to Know About Becoming a Family Caregiver in Arizona
How to Get Free Respite Care in Arizona for Family Caregivers
40 Best Senior Discounts in Arizona in 2023
How to Renew Your Senior Driver's License in Arizona in 2024
Understanding the Costs and Eligibility for Memory Care in Arizona
Caregivers in Arizona have a variety of options available when it comes to getting paid for taking care of their loved ones. Knowing all the programs and benefits available is an important step in finding the best one that fits your particular situation.