Taxpayer's wife has Alzheimer. He has long term care insurance. He hired care taker to his house, paid care taker wages. Long term care insurer reimburse him for part of the expenses. The part not reimbursed by long term care ins, is it deductible medical expenses?
Is this deductible medical expenses?
Collapse
X
-
Do a search for "Long Term Care" on prior posts for information that you may decide that will help. See one of many below:
Always cite your source for support to defend your opinion -
My opinion
If the LTHC policy kicked in, I think that is sufficient to say the care paid for by the family qualifies for a medical deduction.Comment
-
Medical Deductions
It does not matter who paid the premium!! He can still claim the portion that was not reimbursed by the health insurance company. That portion can be claimed as a medical expense subject to the 10% of income reduction. Also, he will need to have enough deductions to use Schedule A.Comment
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment