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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

5 min

Are assisted living care expenses tax-deductible?

According to the IRS, certain long-term care expenses may qualify as medical deductions, offering significant tax relief. Understanding the specific rules is crucial for families seeking to offset the high costs of senior housing. Let's explore the conditions under which assisted living care expenses can be tax-deductible.

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4 min

Are lifetime care advance payments tax-deductible? A guide for seniors and families

According to tax experts, a portion of certain lifetime care payments can be tax-deductible as a medical expense. Navigating the rules around whether **are lifetime care advance payments tax-deductible?** requires understanding the specific nature of your contract and applicable IRS guidelines to ensure you maximize your benefits.

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3 min

Are assisted living care fees tax deductible? A comprehensive guide

According to a 2025 estimate by Genworth, the average annual cost of an assisted living community was approximately $64,200. Many families wonder, are assisted living care fees tax deductible? The answer is yes, under specific circumstances, as a medical expense deduction. This guide will help you understand the IRS rules and how to determine your eligibility.

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3 min

Can You Write Off Assisted Living Care on Taxes? A Guide to the Rules

According to a Genworth Cost of Care Survey, the average annual cost of assisted living can exceed $60,000, presenting a significant financial challenge. The good news is that under specific conditions, you can write off assisted living care on taxes as a medical expense, potentially providing substantial relief.

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3 min

What is the extra standard deduction for seniors over 65 in 2025?

For tax year 2025, eligible seniors can receive a substantial tax benefit, including a new $6,000 "bonus" deduction. Understanding what is the extra standard deduction for seniors over 65 in 2025 is crucial for maximizing your tax savings and financial planning.

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4 min

What is the $4,000 senior bonus tax deduction?

According to the Congressional Research Service, while senior poverty has decreased over the last 50 years, millions still face financial hardship, making tax relief proposals like the one containing the "$4,000 senior bonus" of keen interest. This article provides a definitive breakdown of this specific tax proposal.

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3 min

Are Seniors Getting a Bonus? Separating Fact from Fiction on New Benefits

According to the Social Security Administration, over 72.5 million Americans received a 2.5% cost-of-living adjustment (COLA) for 2025. However, this adjustment is not a bonus, and as financial news circulates, many wonder, “Are seniors getting a bonus?” The short answer is no, but a new temporary tax deduction is available for eligible older adults, making understanding the details crucial for your financial planning.

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4 min

Who is eligible for senior bonus in 2025?

In a significant tax change for older adults, the U.S. government introduced a new federal tax deduction in 2025, unofficially dubbed the “senior bonus.” This new provision offers substantial tax relief, but many wonder who is eligible for the senior bonus in 2025 and how to claim it.

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4 min

What is the $6 000 senior deduction? A complete guide for 2025 tax filings

Effective for the 2025 tax year, millions of Americans aged 65 and older are eligible for a new tax benefit designed to provide financial relief. This article explains what is the $6 000 senior deduction and how it can significantly impact tax filings for many retirees on fixed or modest incomes.

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