Claiming Elderly Dependent
An IRS exemption for qualified individuals who are not an eligible dependent to another taxpayer, has minimal gross income, and at least half of whose financial support is paid by the claimant.
Claiming Elderly Dependent Articles
Answers to Tax Questions Caregivers Ask Most
Answers to tax questions caregivers ask most: 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?12 Comments
Can I Claim My Elderly Loved One as a Dependent on My Taxes?
Dependency is the basis for many different tax credits and deductions for caregivers. If you and your loved one meet these IRS conditions, you may be entitled to an exemption.54 Comments
Start Here Every Year: Essential Tax Steps for Caregivers
As a caregiver, you may need to assume responsibility for organizing an aging loved one's financial documents. Avoid unnecessary stress by organizing paperwork in advance of tax time.7 Comments
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.17 Comments
Claiming Elderly Dependent Questions
I live in TN and my mom lives w/ me. She’s on a fixed income; has stage 4 cancer. Can she get Medicaid if I claimed her last year on taxes?2 Answers
Confirming that my mother can be claimed as a dependent when she is in a nursing home where Medicaid is picking up a portion of her care?6 Answers
Will my mothers surviving VA benefits be affected if I claim her on my taxes?3 Answers
Brother is taking advantage of my parents. What can I do legally to try to resolve this?2 Answers