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
- Tax Deadline is Extended to April 17 This Year
The IRS deadline to file your 2017 taxes is April 17, 2018. Here are some tips from the IRS to make the filing process go smoother and get your tax refund faster.
- 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?
- 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.
- The 9 Most Overlooked Tax Deductions
Could you use a break on your taxes? You might be surprised by all of the deductions you're entitled to as a family caregiver.
- What Medical Expenses Can Be Written off on Taxes?
Family caregivers often share the burden when it comes to their loved ones' medical expenses. If you can claim your care recipient as a dependent on your taxes, you may be able to write off some of their health care costs, too.