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

5 min

Is Paying for Elderly Care Tax Deductible? Understanding the Rules

According to the National Council on Aging, over 70% of seniors will need some form of long-term care, posing significant financial challenges for families. A common question arises: is paying for elderly care tax deductible? Understanding the specific IRS rules can lead to substantial savings, converting a financial burden into a potential tax advantage.

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4 min

At what age is Social Security no longer taxed?

According to the Social Security Administration, nearly half of all recipients have paid taxes on their benefits in recent years, a figure that has increased over time. This happens because there is no specific age at which Social Security is no longer taxed, but rather income-based thresholds dictate taxability.

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