I am a companion for someone in an assisted living community, can the family make me a 1099? I am just around for company
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I can not find any info on my responsibility for taxes I receive income from my mom for caring for her she receives va aid and attendance she has dementia from Alzheimer's I know I need to pay taxes but do I need to take out Medicare and octal security tax Any info would be appreciated I live in Florida
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My mother is 93 and I am retiring in a month to assist her more. I have been taking care of her as far as going to doctors and grocery buying and errands for several years. Can anyone tell me if I can get any kind of assistance or tax deductions?
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My question is: Will my income cause a finanacial problem for My Mom 77yr who receives Dad's SS. She doesn't qualify for Medicaid. Has Part A & B and QMB which only pays copays, coinsurance, deductibles that Medicare doesn't pay. I moved in with my Mom and Spec. Needs adult brother to help take care of them and for their safety. I still have property in my name etc. I would really appreciate if anyone has experience with this to elaborate. Thanks in advance
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I have two mentally disabled brother-in-laws (my wife's brothers). They receive SSD, which just about covers their basic living needs, (food, toiletries, etc.)
I am their paid part-time care provider. I own a second home in which I have my brother-in-laws live (they do not need 24 hour care). Can I get some kind of tax break for providing them rent free full time housing? I do qualify claiming them as dependents but I pay for all the utilities they use, the repairs needed to the house and property and I am losing $900+ a month because I am not renting my second home.
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Kwyjbo, a very big Thank YOU for the quote from IRS Pub. 15-A. I will have to look this up and show it to my parents (who do use a non-employer "sitter", not thru any agency).
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From IRS pub 15-A regarding Statutory Nonemployees: "Companion sitters. Companion sitters are individuals who furnish personal attendance, companionship, or household care services to children or to individuals who are elderly or disabled. A person engaged in the trade or business of putting the sitters in touch with individuals who wish to employ them (that is, a companion sitting placement service) will not be treated as the employer of the sitters if that person does not receive or pay the salary or wages of the sitters and is compensated by the sitters or the persons who employ them on a fee basis. Companion sitters who are not employees of a companion sitting placement service are generally treated as self-employed for all federal tax purposes."
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jcoley, yes you can deduct cost of caregivers for your elderly parent, of course if you get audited, you better have receipts from the caregiver (and if they are independent you need to have filed 1099 and/or deducted taxes, SS/Medicare, since a caregiver could be considered an employee). I am not a tax pro nor an attorney but I did just do my parent's taxes this March and deducted her agency/caregiver fees.
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can the cost for professional caregivers be deducted when filing a tax return?
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I moved across the country to take care of my Dad. Can I claim this expense?
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