My dad has Alzheimer’s and has become too much for my mom to handle. They have recently hired a caregiver to come for 8 hours a day. Is there any way that the cost of the caregiver can be a tax deduction for them? We do not want to move dad to assisted living yet, but if that is a taxable expense and the caregiver is not, we might want to reconsider our decision. This whole process is very expensive and we need to make the best financial choices to support my parents. Will we be able to take tax deductions for assisted living care?
[
link removed. Please read our spam guidelines before posting links. Any questions, contact barbszy] I am very apprehensive. However, I need more suggestions so that my husband and I can carefully make a decision.
Please advise.
Regards,
Iris