Tax Deductions for Elder Care

Tax deductions are available for family members who provide elder care. As a caregiver, you may be eligible for tax breaks for taking care of an elderly person, if you and the elderly member meet certain requirements. Learn about tax deductions for elder care and see if you may be eligible for tax deductions as a caregiver.

Articles About Tax Deductions Elder Care

Answers to Tax Questions Caregivers Ask Most
Answers to tax questions and IRS forms: 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?
What Medical Expenses Can Be Written Off on Taxes?
How to qualify for medical expense deductions and a complete list of the medical expenses that can be deducted from your taxes.
5 Things to Do Before Dec. 31 to Reap Tax Benefits
5 last-minute tax deductions and steps caregivers can take before the year ends that could help save money on taxes.
An Overview of the Gift Tax
The gift tax is perhaps the most misunderstood of all taxes. What is the gift tax? How much can someone gift without taxes being paid? And who is responsible for paying taxes on gifts?
The 10 Most Overlooked Tax Deductions
Get a break on your taxes, with these 10 tax deductions that caregivers often overlook.
2011 Tax Tips for Family Caregivers
Family caregivers who are caring for elderly parents might be able to get some tax breaks, deductions and credits in 2011. Here are the IRS rules you should know for filling your taxes as a caregiver.
Where the Presidential Candidates Stand on Issues That Affect Caregivers Most
A side-by-side comparison of John McCain and Barack Obama on topics that affect people caring for elderly parents.
Auto Mobility: Adaptable Vehicles Offer Convenience & Freedom
With age comes a range of ailments -- from arthritis to paralysis -- that make driving more difficult. Adaptable vehicles and auto mobility make driving much easier for the elderly.

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Q&A with the Experts on Tax Deductions Elder Care

How can I help mom manage her finances?
For many caregivers, the resistance you get and the feeling that you are invading your relative’s privacy may leave you less than completely aware of your elder’s finances. But, if you wait until the elder becomes incapacitated to broach the subject of paperwork, locating important documents can be a much more difficult process.

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News about Tax Deductions Elder Care

Tax Deadline is Extended to April 17 This Year
The IRS deadline to file your 2011 taxes is April 17, 2012. Here are some tips from the IRS to make the filing process go smoother and get your tax refund faster.
IRS Warns of Tax Scam Targeting the Elderly
The IRS is warning the elderly about tax scams that are targeting seniors. Some seniors are paying swindlers money to file returns for them in the hopes of claiming benefits that they don't actually qualify for.
Tax Filing Deadline Rapidly Approaching
The tax filing deadline is April 17th, 2012. It is the last day that caregivers can file taxes for themselves and their elderly loved ones.

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