Maximize Your Social Security Benefits

Schedule a Free Consultation with an RSSA Social Security Expert

Caregivers Helping Relatives

What are some of the deductions a Caregiver can take?

Answer:

A family Caregiver may qualify for various tax deductions and credits provide they meet certain criteria. You can take a parent or qualified relative as a dependent deduction on your tax return if certain tests are met including income and support. Secondly, a family caregiver may also be able to claim medical expenses they paid on behalf of their parent or relative as an itemized deduction on Schedule A of their tax return.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Caregivers Helping Relatives Questions

View More Questions