Tax Warrior Chronicles

Tax Help Taking Care of Elderly Parents

Posted on Mon, May 01, 2017

By: Lauren O'Byrne, CPA

 

As average life expectancies rise, and more and more American couples both work outside of the home,  the costs related to the care for elderly parents is a significant factor in the family budget.  The Internal Revenue Code provides some tax relief…at least it does for now. Here are some benefits to consider.

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Tax Aspects of Caring for An Elderly Individual

Posted on Mon, Apr 28, 2014

Having elderly relatives move into the homes of their children, nieces, nephews, etc.  is occurring more regularly, regardless of your background, income, age or any other moniker. Elder family members are living longer and this makes the decision to have them live with you, a choice that could affect you for several years to come.

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