Frequently Asked Questions

 
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Is independent living tax-deductible?
Moderator SeniorCaring
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1 answer
Moderator SeniorCaring
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Yes. In most cases, you or your loved one may write off many of the expenses of independent on your tax forms for the current year. Meals, physical therapy, and equipment are just a few tax write-offs that you can take advantage of. It can be a tough transition for your senior, but it shouldn't leave you or your loved one financially crippled. Meet sure to meet with a financial expert to make sure you're taking advantage of all tax deductibles.