Unpaid caregivers spend a quarter of their annual income providing help. A new caregiver tax credit was axed from Biden’s budget plan.

Caregivers give more than their time. They spend a lot of their own money taking care of loved ones. An AARP study found that three-quarters of family caregivers spend an average of $7,242 annually on out-of-pocket costs related to caregiving, representing 26 percent of their income.

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