Blogs

Caretakers Lose Trillions of Dollars

ElderLawAnswers.com recently posted the following article discussing the drastic issues adult caretakers have faced recently. It emphasizes the importance of financial planning and personal health for anyone caring for a parent today. Americans who take time off work to care for their aging parents are losing an estimated $3 trillion dollars in wages, pension and […]

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Tax Tips for Caregivers

According to IRS Publication 502, caregivers are entitled to the following benefits: Dependents – You can claim your parent or other loved one as a dependent if you provide more than half the support for a relative. This includes nursing home and assisted living expenses if you are helping with financial support. Wheelchair – If […]

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