Caring For a Relative? The Tax Code Could Help You

In a recent survey, 36% of U.S. adults said they provided unpaid care for an adult relative or friend in the past year. This figure is only expected to keep growing significantly in the next ten years. If you are a caregiver, there are certain tax benefits that you may be entitled to. And if you employ a caregiver, there are certain responsibilities and requirements that must be met as well. There are different rules for different situations depending on your circumstances. Paying for an older person’s care could earn you deductions, but beware of certain pitfalls. Continue reading.