0
Can you deduct your expenses for living in an assisted living facility?
Wiki User
∙ 12y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What percentage of assisted living expenses does Medicaid pay?
Madicaid can often times cover the full expense involved in these assisted living facility. This amount though can vary based on what state you are in.
What kind of expenses can be expected with assisted living?
The average cost of assisted living is approximately $36,000 per year. It is possible, however, to deduct some of the expense from your taxes if you meet certain criteria. In order to see if the expenses are tax deductible for you it is best to seek the consult of a tax professional.
Assisted Senior Living Facility?
form_title=Find an Assisted Senior Living Facility form_header=An assisted living facility can help seniors retain some of their independence and remain safe and secure. What are you looking for when it comes to your loved ones happiness?=_ What medical issues should the facility be aware of?=_
can assisted living expenses be deducted?
are any fed tax deductions allowed for assisted living resident
How does a independent living facility differ from an assisted living facility?
Independent living offers housing for those who need little or no help. Assisted living provides a sliding scale of support including medication management and some housekeeping.
What is a geriatric residents?
An elderly person living in an assisted living facility or nursing home
Would social security benefits pay for assisted living facility when there is no other income?
Yes and the assisted living facility would get some other funds from other sources that may qualify for.
Who can live in a assisted living facility?
Anyone who needs assisted living and either has the insurance to pay for it or the money to do so. Usually the elderly or the mentally unstable tend to reside in assisted living facilities.
1+3?
Assisted living facility
How much does it generally cost to put someone into an assisted living facility in Allentown, PA?
The cost for an assisted living facility can vary greatly. On average you can expect to spend about 800-1500 per month.
Does medicare pay for assisted living?
No. Housing expenses are not covered by medicare.
What is the name of the health care facility provides assistance and care for elderly?
nursing home or assisted living facility
