September 13, 2024
As families navigate the complexities of finding the right care for their loved ones, one of the questions that often arises is whether assisted living fees are tax-deductible. Some medical expenses are tax deductible if they meet specific IRS guidelines. With the rising costs of care, understanding potential tax benefits can help ease the financial burden. In this blog, we'll explore the IRS guidelines on medical expenses, explain what assisted living costs are deductible, and how families can claim these deductions.