By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    health benefits of taking a vacation to reduce stress
    Relaxing European Destinations to Reduce Stress Risks to Health
    October 11, 2021
    pain management tips
    Managing Pain Differently: Alternative Pain Management Techniques
    January 12, 2022
    5 Ways to Promote Wellness in Your Home
    April 12, 2022
    Latest News
    5 Steps to a Promising Career as a Healthcare Administrator
    July 31, 2025
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Hospital Training Using Virtual World and Avatars
    May 20, 2011
    Health Wonk Review: Mud Season Edition
    March 16, 2014
    Video: ICD-10 National Provider Call
    October 24, 2011
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Cost of Assisted Living May Be Tax Deductible
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Cost of Assisted Living May Be Tax Deductible
Business

Cost of Assisted Living May Be Tax Deductible

Anthony Cirillo
Anthony Cirillo
Share
2 Min Read
SHARE

The cost of assisted living may be deductible on Federal income tax returns. The IRS has certain guidelines to determine eligibility. The cost of housing and meals and certain personal care services may be deductible; the determining factor is generally the inability to perform at least two activities of daily living without assistance. These daily functions include such activities as eating, toileting, transferring, medication assistance, dressing, and bathing. A physician must certify in writing that the patient has been unable to perform these activities for at least 90 days. If you are paying for a resident to be in an assisted living care facility for the reasons above, you may be eligible for a deduction on your itemized tax return. The resident must qualify by criteria and must be related to the payer or have lived as a member of their household for an entire year. A parent must also be a citizen or resident of the United States, Mexico or Canada, and the child must have paid over 50% of their support for the year.

The deduction may also be taken in the case of certain cognitive diseases such as Alzheimer’s disease or Dementia related diagnosis. Although many residents may not qualify under the “inability to perform to basic life activities” rule, they often require a substantial amount of care, oversight and guidance in order to insure their safety. Tax deductions for this care help to offset the cost and the financial burden on both the residents and family members responsible for their care. Consult with your tax professional to determine your eligibility for this deduction.
TAGGED:assisted livinghealth care business
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

5 Steps to a Promising Career as a Healthcare Administrator
5 Steps to a Promising Career as a Healthcare Administrator
Health
July 31, 2025
holistic dental
Holistic Dentist Services Are Natural and Safe
Dental health Specialties
July 28, 2025
botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025
Telemedicine Apps
Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
Health
July 20, 2025

You Might also Like

Image
BusinessHospital AdministrationPolicy & Law

Person-Centered HealthCare: Can Patient-Centered Care Reduce Hospital Readmissions?

December 14, 2012

Cleveland Clinic and Genzyme Will Pursue New Multiple Sclerosis Treatments

May 5, 2014
HIMSS 2014
BusinessHospital AdministrationTechnology

HIMSS14: Who’s Afraid of Big, Bad Data? Or, How to Eat an Elephant

February 26, 2014
icd 10 delay
BusinessFinanceHealth ReformHospital AdministrationMedical RecordsNewsPolicy & Law

ICD-10 Delay: Does ICD-10 Lack Clinical Value?

April 13, 2014
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?