Pitfalls of Tax Incentives For Long-Term Care

Research Report

Pitfalls of Tax Incentives For Long-Term Care

Commentary
February 28, 2000

Abstract

[Tax Notes] Included in the health care proposals announced by the White House recently and highlighted in the President's state of the union address is a $3,000 income-related, nonrefundable tax credit for severely disabled persons and families helping to care for them. The plan stands a good chance of being enacted, reflecting a growing consensus that more needs to be done to ease the burdens of long-term care. While this attention is welcome, the use of the tax code to solve long term care problems raises issues of fairness and effectiveness.

To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.