Tax Breaks Available for Adults Caring for Parents

Tax Breaks Available for Adults Caring for Parents

Caring for elderly parents is a monumental rite of passage, a situation that is spreading at an astounding rate in this country.

Tax deductions are available for family members who provide care for an aging parent.  As a caregiver, you may be eligible for tax breaks for taking care of an elderly person, if you and the elderly member meet certain requirements.

To make it easier to figure out which tax breaks are available Tom Breedlove, Care.com HomePay Business Development Director & Household Tax Expert, offered the following tips for family members providing elder care:

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