Texas Senior Care and Housing Directory
Texas Senior Care and Housing Directory

Tax Tips for Family Caregivers

Claiming Your Parent as a Dependent

Updated January 23, 2020

Caregiver Tax Deductions 

Additional Lifestyle Articles

You can claim a portion of up to $3,000 in caregiving costs for one person and up to $6,000 for two or more. Oddly, given the name, this tax credit does not require that your loved one qualify as your dependent under the IRS definition of the term.

Special tax rule for parents. If your qualifying person is your father or mother, you may be eligible to file as head of household; even if your parent doesnít live with you. However, your mother or father must meet the qualifications as a dependent. Also, you must pay more than half the cost of keeping up a home that was your parentís main home for the entire year. If you pay more than half the cost of your parentís senior living or assisted care facility, that counts as paying more than half the cost of keeping up your parentís main home.

As with anything tax-related, you will have to meet a few requirements. Once the requirements are satisfied, youíll be able to receive an additional tax break for your efforts, designed to help offset the costs associated with caring for a parent.

Continue - Tips for Caregivers: What the IRS Allows (Updated January 23, 2020 )

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