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

5 min

Can you claim elderly people on your taxes? A guide to dependent rules

According to the IRS, claiming an elderly person as a dependent can offer significant tax benefits, but strict rules apply. To determine if you can claim elderly people on your taxes, you must assess several factors including their gross income, the amount of financial support you provide, and their relationship to you. This guide will walk you through the necessary steps and criteria to help you navigate this complex process.

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5 min

Can I get a tax deduction for taking care of an elderly parent?

According to a 2021 AARP study, roughly 48 million Americans provide unpaid care for an adult family member or friend, often incurring significant out-of-pocket costs. If you are one of these caregivers, you may be wondering: **Can I get a tax deduction for taking care of an elderly parent?** The answer is yes, potentially through several tax credits and deductions if you meet specific IRS criteria.

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5 min

Can I claim my elderly parent as a dependent?

According to the IRS, millions of Americans provide financial support for a loved one. For caregivers assisting an aging parent, understanding if you can claim your elderly parent as a dependent is a crucial step for managing finances and potentially gaining significant tax relief.

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