Oklahoma Caring for Caregivers Tax Credit
Posted on 01/01/24
by AARP Oklahoma
Help is finally on the way for Oklahoma caregivers and the parents, spouses, and other loved ones they care for with a tax credit provided by the Caring for Caregivers Act.
The Caring for Caregivers tax credit is for out-of-pocket costs incurred by the unpaid family caregiver for a limited set of services. The expenses must be directly related to assisting the family caregiver in providing care to an eligible family member.
The Caring for Caregivers Act passed during the 2023 Oklahoma legislative session and will take effect Jan. 1, 2024. The tax credit will be eligible for the 2024 tax year. Oklahoma is the first state in the nation to adopt an expansive tax credit for family caregivers.
More About the Caring for Caregivers Tax Credit
The new Caring for Caregivers Eligibility Tool walks family caregivers in Oklahoma through five questions to determine if they qualify for the family caregiver tax credit.
Learn more about the Caring for Caregivers Act and find answers to frequently asked questions to receive the tax credit which begins in 2024.
AARP Oklahoma urges Oklahoma lawmakers to pass the Caring for Caregivers Act during the 2023 legislative session.
More than 524,000 Oklahomans care for older parents, spouses and other loved ones so they can live independently in their homes and communities. Free AARP Oklahoma Family Caregiver Resource Kits are now available to all Oklahomans.
