daughter, spouse, grandson, friend, son, aunt, neighbor, caregiver, wife, parent, uncle, relative, grandmother, husband, cousin, granddaughter
Back to Blog
A Tax Break! - Here are some tax deduction options that may give you some tax relief.
ATTENTION Family Caregiver! Did you know that seniors may be eligible to deduct portions or all of assisted living costs as a medical expense, for Federal income tax purposes, based on the federal Health Insurance Portability and Accountability Act (HIPAA)?
#taxbreak #seniortaxcredits #seniorcarecosts #medicalcosts #dependentcarecredit #taxrelief #taxduction #seniortaxdeduction
To learn more about these tax breaks click below on these IRS Publication links for additional information:
This information is not intended as tax advice. Tax rules are complex and can change annually. We encourage you to fully explore this opportunity and seek the advice of your accountant or tax adviser before filing your returns.