Summary of Statistics
New York state has between 900,000 and 1.3 million unpaid caregivers. The number of seniors is expected to double in the next 25 years, so the demand for in-home care support will only continue to rise. As a result, increasingly more family members will find themselves caring for a loved one.
At Aidaly, we make providing care a little easier by providing detailed information on getting paid as a caregiver in New York.
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Tax Credits in New York
New York state offers a variety of tax benefits to help you take care of and support your loved ones.
The Child and Dependent Tax Credit
If you take care of a child or loved one, you may be eligible for the Child and Dependent Tax Credit. In New York, you can claim up to $2,310 for each child that you support. This is an additional tax credit on top of the Child Tax Credit. Find out more here.
Medical and Dental Expenses Tax Deductions
Only the amount that is more than 7.5% of your adjusted gross income (AGI) is tax-deductible. Medical and dental expenses tax deductions help you in offsetting medical costs from health insurance or from the cost of dental work. Find out more here.
Medicaid CDPA Program
CDPAP, which stands for Consumer-Directed Personal Assistance Program, is a Medicaid program. You qualify for CDPAP if you are providing care to a disabled person or elder. You must be at least 18 years old. There is a maximum limit to the number of hours per week that you can work providing services under this program. Find out more about this program here.
Veterans Benefits in New York
Veterans in New York State may be eligible for a number of different benefits such as:
Veteran’s Aid & Attendance Pension
Veteran's Aid & Attendance Pension (VA) benefits are given to eligible Veterans and their spouses. Certain Veterans can receive a pension of up to $26,700.
A spouse will receive a small amount depending on the Veteran's income and service in the military. This compensation is for the Veteran and their spouse but not for any additional dependents. Find out more here.
Veteran-Directed Care Program
Veteran-Directed Care program is a great option for those Veterans who need the level of care that is provided in a nursing home and aren't eligible for Medicaid or Medicare but don't have the money to pay for a nursing home.
This program allows Veterans to hire their own caregivers at home instead of them being provided by the Veterans Administration. The program gives family members and even their spouses the option to take on a paid position as a caregiver. Learn more about this here.
Program of Comprehensive Assistance for Family Caregivers (PCAFC)
With the Program of Comprehensive Assistance for Family Caregivers, you can 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 can also access training and counseling programs to support your caregiving services. Learn more about this program here.