What Assisted Living Expenses Are Tax Deductible?

When it comes to assisted living, there are many overlooked expenses that accumulate over the course of the year. Here are some common expenses related to assisted living that can be easily written off when it comes to tax season!

  1. Prescription drugs and insulin
  2. Insurance premiums
  3. Therapy or other mental health costs
  4. Dental costs like dentures, fillings, and other equipment related to orthodontics
  5. Parking fees or travel fees related to a medical need
  6. Initiation or entrance fees related to medical care or assisted living
  7. Nursing expenses

A lot of the aforementioned expenses could be incurred whether the person is being cared for in a community or at home. Now, let’s talk about a few overlooked expenses that you could incur while being an at-home caretaker.

  1. Raised toilet seats
  2. Walkers, wheel chairs, or other similar tools
  3. Incontinence pads
  4. Hearing aids
  5. Handicap accessible bars (shower, etc)
  6. Ramps for the house or car

While there are many more that could be added to this list, this is a great place to start when itemizing your deductions for the upcoming tax season!

If you are a loved one are in need of assistance in the field of Assisted Living, do not hesitate to contact Jen Rae at A Rae Of Hope Advocacy Center at jen@araeofhope.info

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