How Much Of Assisted Living Cost Is Tax Deductible. The distinguishing factor is the reason that someone is living in a nursing home or assisted living facility in the first place. All will detail the services rendered.
If the cost of assisted living exceeds 10% of the adjusted gross income in case of a long term medical care, such cost is tax deductible. Here are some common expenses related to assisted living that can be easily written off when it comes to tax season! Your parents must also live within the us, mexico, or canada for you to qualify to receive the deduction.