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Personal Finance (Not Investing) • Pub502 and Assisted Living Tax Deduction

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Of course expenses must exceed 7.5% of adjusted gross income.

https://www.payingforseniorcare.com/gui ... deductions

"Assisted living expenses must also meet medical requirements set out by the IRS to qualify for deductions. To qualify, the expenses must be related to medical care, and a doctor must have certified that the person cannot care for themselves.

Assistance With Two or More ADLs
The certification must include documentation showing that the person needs daily help with two or more activities of daily living (ADLs) for 90 days or more. In other words, your parent must be unable to perform two or more of the following for their assisted living expenses to qualify as tax deductible:"
Not sure if a Doctor certification is necessary - that isn't spelled out in Pub502. In my Father's case he has a Nurse signoff on the 2 ADL assists needed. And yup - his AGI is a tiny drop compared to what he is paying for assisted living.
Other places I have read of the necessity for a certified Care Plan. Sounds like you have met all the requirements
for full deduction.

Statistics: Posted by nonnie — Sat Mar 23, 2024 11:20 pm — Replies 9 — Views 563



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