Yes, some nursing home costs are tax deductible. The costs that can be deducted generally fall under medical expenses.

There isn't a blanket tax deduction for home health care or home care. However, using Schedule A of IRS form 1040, you can itemize and deduct certain unreimbursed medical expenses your loved one ...

Here’s a breakdown of what to expect at different levels of senior care. Are home health aides or independent living expenses tax deductible? In short, there are no specific senior living ...

The need for long-term care can happen at any point in your life, and the costs can be daunting. According to the U.S. Department of Health and Human Services, among those turning 65 between 2021 ...

More and more often, family caregivers provide in-home care ... The funds to help residents pay long-term care expenses come from payroll tax deductions of 0.58% (or 58 cents per $100) of ...

Are medical expenses tax-deductible? Learn more about what kinds of medical spending the IRS allows taxpayers to claim when they file. Medical expenses can take a bite out of your budget in any year.

There are several tax deductions for homeowners, from interest paid on your mortgage to specific home improvements. Find out ...