• Skip to content
  • Skip to primary sidebar

Header Right

  • Home
  • About
  • Contact

Dementia Caregiver Expenses Tax Deductable!

July 7, 2011 by Admin

Dementia: A Growing Challenge

8 million Americans currently exhibit some signs of dementia and this population is steadily increasing. Eventually, few people will be spared the challenge of caring for a relative with this disease.  In many cases, a physician may determine that the patient requires 24 hour supervision. If no relative or friend can provide the required supervision, it can result in considerable caregiver expenses. Often, people will hire unlicensed caregivers to minimize this cost.   In a recent Tax Court case, the issue presented was whether or not these expenses are deductible for income tax purposes.

Case of Estate of Lillian Baral

Lillian Baral was diagnosed with dementia  about seven years ago. She was hospitalized later that year, and her medical records showed that she had not been compliant in taking her prescription medicines. It became necessary to evaluate if it was safe for her to live alone.  

 In 2006, an evaluation conducted by her primary physician revealed that her ability to communicate was impaired, that she suffered from memory deficit, was at risk of falling, and needed assistance with daily activities. The physician determined that she required assistance and supervision 24 hours a day for medical reasons as well as for reasons of personal safety. David Baral, Lillian’s brother, obtained a power-of-attorney and handled her personal and financial affairs. Following the physician’s determination, Mr. Baral hired two caregivers and paid them a total of $49,580.

 Lilian Baral died on Aug. 28, 2008, and David Baral became the administrator of her estate. David deducted the medical expense of the caregivers in 2007 to decrease Lillian’s tax liability.

IRS Definition: Medical Expenses     

The Tax Code (Sec. 213) allows expenses for medical care, not compensated for by insurance or otherwise, to be claimed as an itemized deduction to the extent they exceed 7.5% of adjusted gross income (AGI). Medical care is defined as, “amounts paid for the diagnosis, cure, mitigation, treatment or prevention of a disease, and the amounts paid for qualified long-term care services.” The Code defines “qualified-long term services” as services that are (A) required by a “chronically ill” individual and (B) are provided under a plan of care prescribed by a licensed health care practitioner. The issue that the Tax Court had ruled on in the Lillian Baral case was whether the payments to the caregivers fell under either the category of medical care expenses or qualified long-term services expenses.   

Verdict: Deduction Allowed

Although the caregivers weren’t licensed healthcare providers and the payments to them were not for the diagnosis, cure, treatment or prevention of the decedent’s disease, the payments nonetheless satisfied the two requirements to be considered qualified long-term care expenses. Ms. Baral’s primary physician certified that she required the supervision to protect her health and safety due to her severe cognitive impairment. Accordingly, the Tax Court determined that Ms. Baral met the first requirement, as she was considered chronically ill. The services provided by the caregivers were pursuant to a plan of care prescribed by her physician, a licensed health care practitioner. This satisfied the second requirement. The fact that the caregivers themselves were not licensed was not deemed relevant.

Filed Under: ESTATE, TRUST, GUARDIANSHIP, Income Taxes, MEDICAL PRACTICES, TAX TIPS FOR INDIVIDUALS Tagged With: medical expense deduction, taxes for elderly

Primary Sidebar

Search

Category

  • Alimony
  • Alternative Dispute Resolution
  • Alternative Dispute Resolution
  • BUSINESS FORUM
  • Business Valuations
  • Business Valuations
  • Business Valuations
  • Diversion of Assets
  • DIVORCE FORUM
  • Elder Care
  • Employee Classification
  • Estate Taxes
  • ESTATE, TRUST, GUARDIANSHIP
  • Financial Abuse of Elderly
  • Fraud
  • Guardianships
  • Hot Topics
  • Income Taxes
  • Income Taxes
  • Joint Accounts
  • LITIGATION SUPPORT
  • Management
  • MEDICAL PRACTICES
  • NJ Assistance
  • Non-Profits
  • OSHA Requirements
  • Overtime Pay
  • Payroll Taxes
  • Property Settlement Agreements
  • Sales Tax
  • Social Media
  • STAFFING AGENCIES
  • Tax Fraud
  • TAX TIPS FOR INDIVIDUALS
  • Taxes
  • Taxes
  • Taxes
  • Taxes
  • Uncategorized
  • Unreported Income
  • Wage & Hour Violations
  • Wills- Probate

Copyright © 2011 · https://www.ua-cpas.com/blog