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