Is Alzheimers or dementia care tax-deductible?
In most cases, much of the cost of assisted living is tax deductible to the resident or to a family member if the resident qualifies as a dependent. Under the Kennedy Kassebaum Act of 1996, a portion of the cost of care may be deductible. The act states that the cost of maintenance or personal care services required by an individual may be tax deductible if the individual is unable to perform at least two activities of daily living, such as eating, bathing or dressing, or suffers from severe cognitive impairment and requires supervision to protect self and others from threats to health and safety. The services provided, which can cover most assisted living and Alzheimer’s care, must be part of a plan of care prescribed by a licensed health care practitioner. All current and prospective residents of Ocean View Homes and family members who give financial support to a loved one at Ocean View Homes should consult a tax advisor about this potential financial benefit. Will the resident have
