Tax Time Approaches for Caregivers & Alzheimer’s Patients
January 28, 2008 by Mary Emma Allen
Filed under Diseases & Conditions
With the approach of tax time (most of us have received the paperwork from employers, investments, and other tax pertinent sources by January 31), we may wonder what we can and cannot claim. Also, many caregivers are in charge of filing tax returns for the Alzheimer’s patient. I was responsible for my mom’s affairs although I had an accountant to help me because Mother had business investments.
If the Alzheimer’s patient doesn’t have to file independently, perhaps you can claim some of the expenses you’re encountering to care for them. Maybe they even qualify as a dependent.
June A. Schroeder, at Agingcare.com, has written an informative article, Tax Tips for Caregivers and Seniors. She covers topics such as:
- Claim them as a dependent
- Medical expense deduction
- Dependent care credit
- Reinbursement accounts
She also mentions situations where you shouldn’t simply assume you know the answers.
You’ll find information about taxes at Kelly Erb’s Taxgirl in the Business Channel, too.
Do have responsibility for your Alzheimer’s family member’s taxes? Don’t let it overwhelm you.
(c)2008 Mary Emma Allen
