Comprehensive Long-Term Care Support Act of 2004
Summary
H.R. 5110, the Comprehensive Long-Term Care Support Act of 2004, was designed to reduce the financial burden of aging and caregiving through significant tax incentives and increased federal funding. The bill proposed a new tax deduction for long-term care insurance premiums, allowing individuals to deduct up to 100% of these costs even if they did not itemize their taxes. Additionally, it sought to establish a tax credit of up to $3,000 for family caregivers and increased funding for national programs that support those caring for elderly or disabled relatives. These measures were intended to make long-term care more affordable for families and provide direct financial relief to those providing unpaid care at home.
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