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flag Taiwan raises long-term care tax deduction to NT$180K starting Jan 2025, aiding caregivers.

flag Taiwan has increased the annual long-term care tax deduction to NT$180,000, effective January 1, 2025, to support families caring for dependents with impairments. flag The change, approved by the Legislative Yuan, will be reflected in tax filings starting in May 2026 and applies to individuals, spouses, or dependents recognized by the Ministry of Health and Welfare. flag Lawmakers across parties backed the move amid rising caregiving costs and an aging population. flag The Ministry of Finance estimates the policy will reduce tax revenue by about NT$1 billion annually, with broader impacts expected due to expanded eligibility. flag It is projected to benefit around 350,000 taxpayers.

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