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
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
My mother has been living with me for the past 1.5 years and I have claimed her as a dependent on my tax return. We need advice on Medicaid.1 Comment
Can I claim 90 year old mother on my income tax as a dependent? She made $20,000 for the year.14 Comments
Can son claim parent expenses as dependant?2 Comments
For elderly dependent who is disabled, the gross income for the tax year must be less than $4,050.3 Comments