Are Assisted Living and Nursing Home Expenses Tax Deductible?

By |January 6th, 2020|Categories: Medical expenses, Tax Deductions|

With the median cost for an assisted living facility close to $50,000 and over $100,000 for nursing home care, it would be helpful to find a way to reduce the financial burden of these costs.

Well, if you are able to deduct these expenses on your tax return, you’d substantially reduce your income taxes, maybe down to zero.