Is the cost of a nursing home stay tax deductible?
Nursing home expenses are deductible if, as generally is the case, the reason for being in the nursing home is for medical care. In that case, the entire cost of the nursing home including costs for room and board may be tax deductible. For medical expenses to qualify as being tax deductible, they must exceed 7.5% of the person's adjusted gross income.
That is good news. of course. Does that also apply to the cost of home care?
I have the same question as Ricardo. In one answer, I was told the mileage to medical tests/visits was deductible. The non-medical care would not be, as these are home "helpers" and no medical care is provided. I would appreciate an answer, as it seems to be confusing. What if I just don't wish to be in a nursing home? Thank You
Hi Ricardo and anonymous! Great questions, thanks for asking them. If you'd like you can start a new Ask & Answer page on this topic, here: http://www.caring.com/ask.
Take care! Emily | Community Manager