Nearly 60% of the North Carolina population relies on someone else for care. If you are one of these relatives, friends, or neighbors who have been chosen to care for loved ones or people you know, you can benefit from being a caregiver.
We understand that being a caregiver can be a rewarding experience, and we want to make it easier for you to get paid for being a family caregiver in North Carolina. So if you are someone providing this support, help is at hand.
Tax Benefits in North Carolina
You can claim tax benefits for being a caregiver in North Carolina. Tax deductions for home care are one of the most important benefits that you get as a caregiver. In North Carolina, you can receive a total of $1,100 back on your taxes if you take care of someone. You can find out about the tax credits and exemptions in North Carolina here.
The Child Tax Credit
A tax credit is available to you as a caregiver in North Carolina. Your employer can claim this, and you can also get the benefit. The tax credit is used for the children in your care who are below the age of 17 and living with you under the same roof. You can claim this tax credit if you are a parent or caregiver of the children in your care.
Tax Credit for Other Dependents
Tax credits can be claimed for your elderly parents or even for elder carers. You can also claim this tax credit for a sibling if you are looking after them as well. You can claim the tax credit if you are caring for your children and a parent.
Tax benefits are not limited to tax credits only. You can also claim a tax exemption if you are a caregiver in North Carolina.
Whether you have or a loved one has served in the Army, Air Force, Marine Corps, or the Coast Guard, there are programs and benefits available to you through the Department of Veteran's Affairs (VA).
Surviving spouses and dependents of deceased Veterans can be eligible for several benefits. Learn more about the veteran benefits for North Carolina here.
Veteran-Directed Home & Community Based Care
The Veteran-Directed Care (VDC) program lets veterans determine their monthly care budget. This includes the hiring of caregivers, which may include family and friends. If the family member doesn’t earn more money as a caregiver than he/she would earn if they worked, the Veteran is eligible to receive a monthly VDC allowance that ranges from $8 and $21 an hour.
Veteran Aid & Attendance Pension Benefit
Suppose a Veteran you care for requires an assisted living facility, long-term professional care in their own home, or a nursing home. In that case, you may be eligible for Aid and Attendance pension benefits. The pension may give up to $3,261 per month in care costs, including payments to family members who provide care. The amount you may receive is dependent on the veteran's income.
Program of Comprehensive Assistance for Family Caregivers (PCAFC)
The PCAFC allows you to earn a monthly stipend of up to $2,750 per month as a family caregiver to a Veteran who has a service-related disability or illness. You’ll also be able to access excellent training and counseling programs to support your caregiving services. You can check your eligibility here.
At Aidaly, we can offer you the resources you need to get paid for being a caregiver in North Carolina. Contact us for more information.