What amount of Aid & Attendance benefit can I deduct on my income tax return?
I am the VA appointed fiduciary AND caregiver for my mother, who just got approved for an Aid & Attendance benefit from the VA. I understand that I will have to report this amount on MY taxes as income, as I am supplying the Caregiver services and getting paid for them. What amount of this can I deduct on my income tax return? Can I deduct the whole amount?