Claiming Elderly Dependent

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?

  10 Comments

  ---

• Can I Claim My Elderly Loved One as a Dependent on My Taxes?

  Family caregivers contribute their time and money to support those they love. When tax season rolls around, it’s important to understand that you may be able to claim your care recipient as a dependent on your tax return and lower your tax bill.

  54 Comments

  ---

• Start Here Every Year: Essential Tax Steps for Caregivers

  Helping a senior with their taxes this year? Get their financial affairs (and your own) in order early on to avoid unnecessary stress as tax day approaches.

  7 Comments

  ---

• What Medical Expenses Can Be Written off on Taxes?

  Even if you can’t claim your care recipient as a dependent, you may still be able to write off some of their health care costs and further reduce your tax bill.

  18 Comments

  ---