Financial Support for eligible live-in caregivers comes in the form of a daily stipend.
The amount of the daily stipend is determined by the Indiana Family and Social Services Administration and the results of an in-home assessment conducted by your local Agency on Aging.
Stipends are paid weekly by Friends and Family Caregivers.
We get it! Even though most caregivers see it as their duty to take care of friends and family members at home, accepting a reimbursement isn’t selfish, it’s realistic. It means putting yourself in a position where you’re able to provide the care your loved one needs.
Difficulty of Care Income Exclusion
On January 21, 2014, the IRS issued Notice 2014-7. The Notice explained that the IRS treats certain payments for personal care services as “Difficulty of Care payments”, which are excluded from being subject to federal income taxes. The exclusion covers income earned through the provision of personal care services, when the Medicaid client and provider live in the same household.
Ask your tax expert if this applies to you!