Create a tax credit for family caregivers

Schmidt cosponsored the Credit for Caring Act, which would create an annual tax credit of up to $5,000 for family caregivers. He said the credit would help them continue providing care services for loved ones.

Context: The source describes proposed legislation, not an enacted tax credit.

In their own words

establishing an annual tax credit of up to $5,000

The source

Derek Schmidt: official policy priorities ↗

Published: Original date not established; campaign context manually checked
Retrieved: 11/10/2026