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Category Archives: Elder Care & Planning

Eldercare Can Be a Medical Deduction

Lake Wylie Tax Service | Bookkeeping | Payroll Service Posted on May 8, 2019 by Lake Wylie Tax Services StaffJanuary 23, 2020

Senior Care can be a medical deductionBecause people are living longer now than ever before, many individuals are serving as care providers for loved ones (such as parents or spouses) who cannot live independently. Such individuals often have questions regarding the tax ramifications associated with the cost of such care. For these individuals, the cost of such care may be deductible as a medical expense.

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Posted in Elder Care & Planning | Tagged Medical, Tax Deduction
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