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Caregiver Forum
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Financial Planning
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Questions
P
Peach44
Asked January 2014
I am retired but I care for my elderly parents almost everyday in their home. Can I claim a tax deduction?
They cannot function on their own. If so, how do I calculate the value?
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P
Peach44
Jan 2014
I do provide over half their support costs.
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P
pamstegma
Jan 2014
No. You would have to provide more than half their support costs. Click on the Money and Legal tab at the top of this page and go to Tax Tips for Caregivers.
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