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#3
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| Paul Thomas, CPA wrote: - quote - > <Marion1E[at]comcast.net> wrote
file attesting to the necessity.> > Nursing home payments > > My mom (88) went into the nursing home last year due to Alzheimer’s. > > The cost is almost $4000 a month. How much of these costs can I deduct > > on her tax return. She does have income from royalties. We live in > > Albuquerque, NM. Any help is appreciated. > Assuming she pays it fully - as in no insurance reimbursement, LTC payments, > etc......all of it should be Schedule A deductions as medical expenses, > subject to the 7.5% floor as mentioned earlier. Add it in with any other > medical / insurance expense she incurred. Also I seem to remember the necessity of having a doctor's statement in ChEAr$, Harlan Lunsford, EA n LA -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#2
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| On Tue, 6 Jan 2009 08:03:18 EST, "Paul Thomas, CPA" <paulthomascpapc[at]bellsouth.net> wrote: - quote - > Assuming she pays it fully - as in no insurance reimbursement, LTC payments,
This reminds me of my father who, towards the end of his life,> etc......all of it should be Schedule A deductions as medical expenses, > subject to the 7.5% floor as mentioned earlier. Add it in with any other > medical / insurance expense she incurred. spent some time in a very nice LTC facility. One of the things he enjoyed saying to visitors was, "I hate being in this damned place, but let me tell you about my taxes." <grin -HW "Skip" Weldon Columbia, SC -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#1
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| <Marion1E[at]comcast.net> wrote - quote - > Nursing home payments > My mom (88) went into the nursing home last year due to Alzheimer’s. > The cost is almost $4000 a month. How much of these costs can I deduct > on her tax return. She does have income from royalties. We live in > Albuquerque, NM. Any help is appreciated. Assuming she pays it fully - as in no insurance reimbursement, LTC payments, etc......all of it should be Schedule A deductions as medical expenses, subject to the 7.5% floor as mentioned earlier. Add it in with any other medical / insurance expense she incurred. -- Paul A. Thomas, CPA Watkinsville, Georgia -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| Marion1E[at]comcast.net posted: - quote - > Nursing home payments
Hi, Marion. Given the medical diagnosis, it appears to me that her> My mom (88) went into the nursing home last > year due to Alzheimer's. The cost is almost > $4000 a month. How much of these costs can > I deduct on her tax return. She does have > income from royalties. We live in Albuquerque, > NM. Any help is appreciated. Marion nursing home care is fully deductible as a Schedule A item (subject to the 7.5% of AGI reduction). Bill -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
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| Nursing home payments My mom (88) went into the nursing home last year due to Alzheimer’s. The cost is almost $4000 a month. How much of these costs can I deduct on her tax return. She does have income from royalties. We live in Albuquerque, NM. Any help is appreciated. Marion -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| expenses, home, nursing |
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