Assisted Living Expenses May Be Tax Deductible

Some or all of your assisted living costs may be tax deductible! Peter Mullin, partner at Senior Living Residences (Boston, MA) explains what you need to know about an assisted living tax deduction. For more resources on paying for assisted living, visit the Senior Living Residences Financial Guide: seniorlivingres....

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How about expenses for home health care, are they deductible? A friend who I do his taxes is now paying almost $200k per year for 24/7/365. He had to get a fed and state tax ID number and pays workmen's comp. for the employees he hired to take care of him. Thanks.