Is nursing home cost tax deductible? - AgingCare.com

Is nursing home cost tax deductible?

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My Mom is still self pay. I had her taxes done, and I am shocked at the small return for the amount of out of pocket she paid.

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My Mom has taxes deducted from her annuity. I would assume you want that back, so yes she needs to file a return. You can get a copy of quick books and only pay for it when you file. It makes it really easy.
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Mom is 87 and has SS income of about $9600 per year. She also is drawing $27k per year from an annuity for a total of about $36,600. Her monthly assisted living bill is $2500 per month. Does she need to file an in one tax return?
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As others said, what did she pay in? Did she get it all back? Unless you have something that generates tax credits, you don't get back more than what was withheld.
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Yes nursing home is tax deductible, as long as they have an income.
I just finished my own taxes and my parents' taxes, using turbo-tax.
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In my experience a deduction was allowed for almost the entire cost of my husband's residential board and care for a year (not the food or clothes or personal needs except diapers and under bed pads, etc.). In the long run , it did affect how much we had to pay in federal taxes, about half what I paid this year when he was back home and needed only occasional caregiving assistance.It totally matters what the person's income is and how much is taxable.
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If Mom has insufficient income to cover the cost of her care, it is true that she will not owe taxes. I think that the simple tax form is used. Deductions are used on the 1040 standard or itemized deductions.
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I don' t understand why you would expect a "small return" on your mom's taxes. A tax refund is only that, a refund of taxes already paid. If your mom didn't pay taxes (I'm assuming she no longer works), how would she receive anything back?
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I'm not a tax expert, but my accountant deducts most of the cost. She spends more than her income (she's using her equity) and pays no taxes. I think the rule is they must be unable to preform two or more activities of daily living. And why would you be in a nursing home if you were able to do this?
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