Senior Tax Tips
Resources and information about tax issues for the elderly or disabled. Get expert advice and caregiver tips on senior tax credits, tax breaks for medical expenses, and claiming an elderly dependent.
Taxes Articles
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 CommentsFree Tax Help for Seniors
Retirement, government benefits, increasing health care costs and other financial changes can make filing income taxes especially complicated for older adults. Find free tax preparation services and tax advice near you.
15 CommentsCan 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 CommentsTax Implications of Hiring an Independent Caregiver
Employing a caregiver who is not affiliated with a home care agency can have a significant impact on the taxes you owe. Make sure you understand your role as a “household employer” before hiring an independent caregiver.
20 Comments
Taxes Questions
Has anyone been successful in deducting full Memory Care expenses on federal taxes as medical deductions?
17 AnswersIgloocar Replied Dec 2, 2024Can the IRS come after my mother?
13 AnswersJoAnn29 Answered Dec 1, 2024I have been paying out of my pocket for my mom’s memory care. Can I claim this on my taxes?
3 AnswersJoAnn29 Answered Nov 30, 2024My 82 yr old sister pays a healthcare assistant. Is there any law about withholding taxes?
6 AnswersIgloocar Answered Nov 22, 2024
Taxes Discussions
My mom had to liquidate her annuity to pay for her assisted living facility. I'm told she will have to pay income tax on this money.
6 Commentsnotgoodenough Commented Apr 25, 2024One's own needs fall to lowest priority.
10 CommentsAlvaDeer Commented Mar 24, 2024Venting: Two-part authentication makes managing finances impossible!
6 CommentsMJ1929 Commented Jan 2022Not a question, but a vent. How about "elderly tax credits"...
3 CommentsGeaton777 Commented Dec 2021
