Clinton proposes tax credit for family caregiving costs

U.S. Democratic presidential candidate Clinton speaks at a campaign stop in IowaBy Amanda Becker CLINTON, Iowa (Reuters) – U.S. Democratic presidential candidate Hillary Clinton on Sunday proposed a tax credit offsetting up to $6,000 in costs associated with caring for elderly and disabled family members, and allowing caregivers to accrue Social Security retirement benefits for such work. The maximum value of the caregiving credit would be $1,200 for qualifying families and is the latest in a series of tax proposals Clinton plans to introduce aimed at boosting the middle class. “That will help family budgets stretch, it will help seniors maintain independence,” Clinton said Sunday at a campaign stop in Iowa, which holds the first party-nominating contest in February.

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