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Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
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I consent to the collection of my consumer health data.*
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I consent to the sharing of my consumer health data with qualified home care agencies.*
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Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
The OP may be wanting to know if they themselves can claim a deduction. Because even if their parent is in a nursing home and on Medicaid, they may be able to claim their parent as a dependent and write off some of the expenses IF they themselves are paying them. But that is why the OP needs to speak to a tax professional.
If I’m understanding your question, if you LO is in a NH on Medicaid, and most of her income goes to the NH, how do you file their taxes? When I filed Moms taxes, my CPA multiplied her monthly share of cost we paid to the NH times 12, and he entered it as a Medical expense on her Itemized Deductions. Since she had income from SS and Pension that she had to claim, this Medical Deduction offset that amount and rendered her tax owed zero. I am not a tax expert so please run this past whoever you use to file your taxes.
If Medicaid is paying for the nursing home, neither she nor you will get the deduction. The taxpayer has to pay the expenses. If she is not on medicaid but is private paying for nursing home (as long as it is medically required) then whoever pays it will get the deduction - you (if LO is dependent) or her. To claim her as a dependent you have to provide more than 50% of her support. If medicaid is paying the NH, it is highly doubtful that you are paying more than 50% of her costs. If you are paying it, it is likely you are.
I do what rocketjcat is doing - my mother's high medical costs are going to offset her income to get her taxable income to zero. To take it a step further, I take money out of her IRA each year as much as I can to keep her taxes at zero so that when my sister and I inherit it, we won't have to pay taxes on that portion of the IRA. If you are not financially savvy, I suggest paying someone to help you with these questions regarding your own personal situation.
This is why the OP needs an accountant. She doesn’t necessarily have to provide half of the dependents care/provide 50% financial support in order to claim the expenses she’s paying for as a tax deduction. I suggest everyone here read IRS publication 502.
About IRAs, we have 2. One is my husbands the other is mine from a pension buy out. At 70 1/2 u need to start drawing out so dear old Sam can have his tax money. We didn't want to touch our IRAs so our financial planner had it set up that taxes will come out every year. We just received our 1099.
You cannot deduct for something you didn't pay for.
My Mom didn't pay income tax. Most of her income was SS and a pension of about $200 a month. SS is not taxable money under a certain income level. I think its 30k. My MIL was the same way, both widows.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
I am not a tax expert so please run this past whoever you use to file your taxes.
I do what rocketjcat is doing - my mother's high medical costs are going to offset her income to get her taxable income to zero. To take it a step further, I take money out of her IRA each year as much as I can to keep her taxes at zero so that when my sister and I inherit it, we won't have to pay taxes on that portion of the IRA. If you are not financially savvy, I suggest paying someone to help you with these questions regarding your own personal situation.
My Mom didn't pay income tax. Most of her income was SS and a pension of about $200 a month. SS is not taxable money under a certain income level. I think its 30k. My MIL was the same way, both widows.