My mom lives with us and lives in an in-law set up area. She's pretty independent (caregiver 3 days a week for showers and light housekeeping),
she uses a walker. We'd like to change a section of the flooring to make it safer for her moving around instead of avoiding it. She wants to have it fixed using her stimulus check but since it's my home we weren't sure if that was ok.
? why not ? Once cashed, how would anyone even know what it was spent on or who it was given to?
My understanding is this doesn't impact Medicaid or NH in any way (so long as the funds are spent within a year - it doesn't impact the limit on how much one can have.)
IRS gifting is somewhere around $15,000 per person per year. I hardly think the IRS is going to be asking anyone what they spent their funds on.
We do not need ours and have simply found ways to gift it to people through hiring small business contractors to do jobs or simply donating it.
My daughter got hers and their car died that day. They were able to put a sizable down payment down on a new car.
(a side comment though look for the flooring that is waterproof or at least a 24 hour resistant to moisture.)
The only stipulation I've read about is that it must be spent within a year if one is on Medicaid (it does NOT impact the limit on savings, unless it goes beyond a year.)