Claiming Elderly Dependent
An IRS exemption for qualified individuals who are not an eligible dependent to another taxpayer, has minimal gross income, and at least half of whose financial support is paid by the claimant.
Claiming Elderly Dependent Articles
Answers to Tax Questions Caregivers Ask Most
Answers to tax questions caregivers ask most: Can I claim my parent as a dependent? Can I claim medical expenses? Do I pay taxes on money my parents give to offset expenses?
10 CommentsCan I Claim My Elderly Loved One as a Dependent on My Taxes?
Family caregivers contribute their time and money to support those they love. When tax season rolls around, it’s important to understand that you may be able to claim your care recipient as a dependent on your tax return and lower your tax bill.
54 CommentsStart Here Every Year: Essential Tax Steps for Caregivers
Helping a senior with their taxes this year? Get their financial affairs (and your own) in order early on to avoid unnecessary stress as tax day approaches.
7 CommentsWhat Medical Expenses Can Be Written off on Taxes?
Even if you can’t claim your care recipient as a dependent, you may still be able to write off some of their health care costs and further reduce your tax bill.
18 Comments
Claiming Elderly Dependent Questions
As a caregiver how can I get help filing my taxes?
4 AnswersMACinCT Answered Jan 8, 2024In-home care tax deduction for home bound under IRS Companion-Sitter categorization.
7 Answersnewbiewife Replied May 2023My parents have lived with me for six years, have no assets, and receive social security and a small pension. Should I claim them as dependents?
20 AnswersBlinky Replied Apr 2023My wife is self pay in a nursing facility. Are these expenses tax deductible?
6 Answersfreqflyer Answered Mar 2023
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Claiming Elderly Dependent Discussions
How Caregivers Can Claim Their Parents on Taxes
0 CommentsAgingCareEditor Posted Feb 2009
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