Nursing home expenses are tax deductible

by Jerrold Bartholomew

Many people are not aware that long-term care costs are tax deductible medical expenses. Nursing home costs, defined as “necessary diagnostic, preventive, therapeutic, curing, treating, mitigating, rehabilitative services, and maintenance and personal care services” for the care of a chronically ill individual and prescribed by a licensed health care practitioner, are fully deductible. Additionally, assisted living expenses can also be deducted under many circumstances. For those who are using tax-differed assets to pay for care, the savings of this deduction can be especially substantial. Discerning which expenses are tax deductible can be tricky. You should consult with your accountant or a Detroit area elder law attorney to be sure you receive your full deduction.

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