Summerset Assisted Living Center

What assisted living expenses are tax deductible?

Assisted Living Costs and Tax Deductions

[vc_row row_type="row" use_row_as_full_screen_section="no" type="full_width" text_align="left" css_animation="" box_shadow_on_row="no"][vc_column][vc_column_text]Taking care of a loved one’s long-term care needs is a time consuming commitment that can take more time than a full-time job. Add tax season the equation and it’s easy to feel overwhelmed. This tax season, Summerset would like to alleviate a small amount of that stress by sharing a few assisted living related tax tips. 1. Did You Know Some Costs of Assisted Living and Alzheimer’s Care May be Tax Deductible? Qualified long-term care services include personal care services provided to a resident daily. These services include personal hygiene care, dressing, transferring, meal preparation and cleaning services. The Health Insurance Portability and Accountability Act (HIPPA) states that these services may be tax deductible as unreimbursed medical expenses on Schedule A. 2. What is the “Chronically Ill” Requirement? Residents who receive the services mentioned above must also meet the chronically ill requirement. “Chronically ill” is defined as a senior who is unable to perform two or more daily living tasks without assistance.  This also includes those needing constant supervision and care because of Alzheimer’s and Dementia. The resident must have been declared chronically ill by a licensed doctor within the previous 12 months. 3. Should You Itemize? Itemize, itemize, itemize…also remember that assisted living expenses must total more than 7.5% of the taxpayer’s adjusted gross income. If you’re covering expenses for a parent, you can typically take advantage of these savings if you provide more than 50% of their support costs. Seek Professional Tax Advice. While these tips are helpful, they’re just a starting point in helping you enjoy the tax benefits available to those caring for loved ones living in assisted living communities. Seek professional advice from a certified tax advisor. In the meantime, here’s more detailed information in the IRS’ Medical and Dental Expenses and Dependents, Standard Deduction, and Filing Information publications. As you consider care options for your loved one, you can rest assured that Summerset’s premiere community where guests will enjoy an environment that makes them feel at home. Learn more about Summerset. Don’t forget to follow us on social media and sign-up for our blog to stay up to date.  Your Home Away from Home | Located in Atlanta, Georgia, Summerset Assisted Living Community is focused on providing top quality, excellent, compassionate care for those we serve. Schedule a tour today or give us a call at (470) 231-2357![/vc_column_text][/vc_column][/vc_row]...

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Summerset's best blogs of 2017.

A Year in Review | The Best Blogs of 2017

During the first month of 2018, we’d like to revisit our best blog articles that Summerset shared in the past year. Based on reader engagement, we’ve selected our five top blogs from 2017. In case you missed these important and relevant topics, take a few moments to check them out. You never know what tips and information could help you decide what’s best for your loved one’s care.

Here are are few tips to make it to a great New Year!

Have a Happy and Healthy Holiday Season!

It’s easy to get wrapped up in all the gifts that the holiday season brings – parties, festive decorations and rich recipes. These distractions make it easy to miss when an elderly loved one may need an adjustment in care. In this month’s blog, we’ll discuss a few tips on how to keep ourselves and our loved ones happy and healthy during the holidays.

Dementai and Weight Loss

Dementia and Weight Loss

We all know that dementia takes a toll. It takes a dramatic toll on the brain, social interactions and physical health. This toll can manifest in a variety of ways including, memory loss, personality changes and increased frailty. But, did you know that dementia can impact weight? Here are a few reasons why dementia can cause weight loss.

Convincing a Loved One to Consider Assisted Living

Convincing Your Loved One to Consider Assisted Living

The signs began to show up sporadically. Then, one day it seems those small signs had become the norm.

It may seem like things changed without warning. Suddenly, you see signs that worry you about your loved one’s well-being and safety. On your weekly visits to check in on them, you’ve been troubled by signs you previously dismissed as minor.

Consider Adult Day Care

The Top 3 Reasons You Should Consider Adult Day Care

It’s the perfect choice in an imperfect situation. While most seniors prefer to always be in the comfort of their homes and in control of their schedules, adult day care is a fair middle ground for families seeking alternatives to in-home care during the day.

At Summerset Assisted Living Community, we offer adult day care as an option for families seeking an alternative to full-time care.

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