Deductible Medical Expenses

Did you know you could potentially deduct those expensive senior care expenses from your taxes this year? You may never have heard about this deduction, and that’s why we want you to know more about it this time around. If these expenses exceed more than 10% of your gross income, you could be eligible. All you have to be is a senior paying for your own care expenses or a family member paying for your loved one.

If you meet one of these qualifications, then you should speak with a CPA to work out the details. The US tax code is complex, and you should not try to figure out these deductions on your own. It’s best to have an expert on your side.

Don’t Overpay if You Don’t Need To!

It’s incredible how many Americans overpay on their taxes every single year. GAO has put that number at upwards of 2.2 million people who continuously overpay on their taxes because they just don’t find all potential deductions there are. This could easily be solved with a short visit to the office of their CPA or tax professional. We’re sure you don’t want to overpay on your taxes this year, so it’s best that you do that and ask your consultant about deducting non-medical senior care expenses.

At Always Best Care, we know how difficult it can be for our families to make ends meet to pay for elderly care in Jacksonville. However, this senior care is very necessary to keep your senior safe and your minds at ease. That’s why we’re giving you this advice to speak with a tax professional about deducting these senior care expenses off your taxes. You’ll be glad you did. Your bank account will be too!

Learn More

So, let’s talk a bit about the next steps. The best thing you can do for yourself is to schedule an appointment with your tax professional or CPA to discuss more about these expense deductions. At Always Best Care, we love helping families as much as we can, so we hope you’ll speak with your consultant as soon as you can so you can take advantage of these deductions.

Posted In: Senior Care