Tax Tips for Caregivers: 3 Commonly Asked Questions

tax tips for caregivers

Tax time is coming up

Tax day is on April 18 this year so you’ve still got some time to file your 2015 tax returns. Taxes are confusing enough, but when you’re caring for an older adult you’ll probably have even more questions and complications to deal with.

 

Get answers to 3 caregiver tax questions

That’s why our friends at True Link have provided 3 important tax tips for caregivers. Find out how being a caregiver can impact your deductions and potential refund.

Get answers to these common questions:

  1. Do I need to help my older adult file their own return?
  2. Can I claim an aging parent as my dependent?
  3. Which caregiving expenses qualify as deductions?

 

Next Step  Get 3 important tax tips for caregivers on the True Link blog

 

You might also like:
How an Elder Law Attorney Can Help You
Local Community Resources for Seniors and Caregivers: Area Agency on Aging
Benefits Programs Help Pay for Caregiving Expenses

 

True Link is a financial services company committed to protecting vulnerable individuals, including seniors and adults with special needs, from becoming victims of fraud, scams, and exploitation. The company provides tools that can be self-directed or managed by family members, caregivers, or guardians. With True Link, you can detect suspicious account activity and block unwanted transactions, all while preserving an individual’s independence and protecting their assets.

 

By DailyCaring Editorial Staff
Image: The Caregiver Network

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