NY - Tax Deduction for Caring for Older Relative (2008)
Bill would provide an income tax exemption to taxpayers who care for a parent, stepparent, sibling or immediate family member who is 70 years or older and resides in the caregiver's household. These caregivers would be allowed an additional tax exemption of $1,000 for each elderly dependent whose gross income does not exceed $5,000 or, in the case of a husband and wife with joint income, does not exceed $7,500.
State New York
Bill Number S. 2060/ A. 416
Date of Introduction 1/9/2008
Latest Activity Passed in Senate; Did not pass in the Assembly
More Info http://assembly.state.ny.us/leg/
Topic: Caregiver Tax Incentives