Summary of Statistics
In Nevada alone, more than 330,000 people provide 280 million hours of unpaid care every year. The financial stress of unpaid work can add to an already heavy load, so it’s important that you know what services are available to help you.
Aidaly is here to help you take advantage of the various programs you’re entitled to at the state and federal level, so read on to find out what form of compensation you may be eligible for.
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Tax Benefits
The Earned Income Tax Credit (EITC)
The EITC is a federal tax credit which assists caregivers with covering the cost of raising children. If you are looking after one or more dependent children, you can receive additional credits. The EITC is a refundable tax credit, so you can claim it even if you didn’t need to file taxes this year. Find out more about these credits here.
The Child Tax Credit (CTC)
The CTC is another federal tax credit for those who care for children under 17. The CTC is a partially refundable tax credit of up to $2,000 per child. You can apply here.
Tax Credit for Other Dependents
The Tax Credit for Other Dependents (ODC) is a non-refundable tax credit for those who support loved ones over the age of 17, as well as for caregivers who live with their parents to provide daily assistance. The ODC provides a credit of up to $500.
The Child and Dependent Tax Credit (CDTC)
The CDTC is a partially refundable federal tax credit which aims to help caregivers find additional work. Up to $1,100 in tax credits can cover the costs of expenses related to job seeking or employment such as respite care, transport costs, and housekeeping.
Although the CDTC covers time spent looking for work, you can only claim the CDTC if you were successful in finding employment. You can find out more here.
Medical and Dental Expenses Tax Deductions
If you have spent more than 7.5% of your yearly income on dental or medical services, you can claim any additional costs as a federal tax deduction. Learn more about the details here.
Medicaid and Other State Programs
Medicaid offers a variety of methods to allow those receiving care to designate you as an official caregiver, allowing you to access state benefits and be paid for your work.
Personal Assistance Services
One of the Medicaid services available is Personal Assistance Services, which allows those requiring care to designate friends and family members (but not spouses) as caregivers, allowing them to be paid for their services under Medicaid. You can learn more about the program here.
Family Support Services Program (FSSP)
The FSSP is a state-level support program aimed at preventing off-site care of the elderly. Applicants must have an income lower than the 300% poverty threshold. The 2022 threshold can be viewed here.
The FSSP provides caregivers with quarterly vouchers for respite care as well as emergency purchase vouchers to help families cover excess costs of those who need daily care.
Veterans Benefits
Those injured in the line of duty have a number of options available in order to pay their family caregivers. For more information, contact your local Veterans Affairs office or find out more here.
Veteran-Directed Home and Community Based Care
Veterans who require assistance with daily activities can request an addition to their pension to pay for caregiving services offered by friends and family. The pay rate for caregivers can vary between $8 and $21 per hour.
Veteran Aid and Attendance Pension Benefit in Nevada
Veterans who require long-term care with daily life may be eligible for the Aid and Assistance Pension, which can provide up to $3,261 a month to pay for support services, including those from friends and family.
Housebound Pension Benefit (HPB)
The HPB is a pension which aims to improve the quality of life for Veterans who cannot leave the house due to illness or injury. The HPB allows for caregivers to be paid up to $1882 per month, which can include family caregivers (but not spouses).
VA Program of Comprehensive Assistance for Family Caregivers (PCAFC)
The PCAFC provides resources specifically for those who were severely injured in the line of duty. The PCAFC allocates a budget for compensation, training, counseling and travel expenses for family caregivers. To find out more, click here.
At Aidaly, we help streamline the process for you so you get paid as a family caregiver in Nevada. learn more and get started.