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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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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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