Nursing home payments My mom (88) went into the nursing home last year due to Alzheimer?s. The cost is almost $4000 a month. How much of these costs can I deduct on her tax return. She does have income from royalties. We live in Albuquerque, NM. Any help is appreciated. Marion
Nursing home expenses
Jan 05, 2009
4 Replies
Hi, Marion. Given the medical diagnosis, it appears to me that her nursing home care is fully deductible as a Schedule A item (subject to the 7.5% of AGI reduction).
Bill
wrote
Assuming she pays it fully - as in no insurance reimbursement, LTC payments, etc......all of it should be Schedule A deductions as medical expenses, subject to the 7.5% floor as mentioned earlier. Add it in with any other medical / insurance expense she incurred.
This reminds me of my father who, towards the end of his life, spent some time in a very nice LTC facility.
One of the things he enjoyed saying to visitors was, "I hate being in this damned place, but let me tell you about my taxes."
-HW "Skip" Weldon Columbia, SC
Also I seem to remember the necessity of having a doctor's statement in file attesting to the necessity.
ChEAr$, Harlan Lunsford, EA n LA
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