![]() ![]() ![]() This means a doctor, registered nurse, or certified social worker has to certify in writing that the resident either: The resident must be certified as “chronically ill” for room and board expenses to be considered deductible medical expenses. This allows a medical expense deduction if the resident’s combined medical expenses are more than 7.5% of the resident’s adjusted gross income. We help make these costs tax deductible for many of our clients. We represent many folks who are paying $3500 or more per month for room and board at an assisted living facility. Making Room and Board Costs for Assisted Living Care Tax Deductible A list of common medical expenses is located at the end of this article. Please note Indiana does not recognize medical expense deductions. This often allows a person to take funds out of a retirement account free of federal income tax. The cost of nursing home care usually creates a large medical expense deduction. This means a person or couple will need high medical costs in order to qualify and take advantage of this deduction. The standard deduction increased to $12,000 for a single person and $24,000 for a married couple as of January 1, 2018. The good news for elderly and disabled Hoosiers is this tax bill allows them to write off qualifying medical expenses that exceed 7.5% of their adjusted gross income for 20, regardless of their age. The Tax Cuts and Jobs Act became effective January 1, 2018.
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