Tax season is here. Budgets are tight for seniors, so why not maximize your tax refund. Don’t forget to include these important deductions on your taxes this year!

Long-term Care Insurance

The amount you can claim for this floats depending on your age. Check online or with your accountant for exact details but you can deduct quite a bit of money if you are over the age of 60.

Assisted Living Facility Costs

The cost of an assisted living facility is able to be deducted on your tax form. To be able to claim this deduction the person living in the facility must be getting help from the staff to do everyday things like cooking and bathing. They must also be part of a care plan that was prescribed by your doctors.

Medical Expenses

Medical items like hearing aids, oxygen tanks, wheel chairs and others can all be deducted on your taxes. Your tax professional or accountant should be able to provide you with a full list of items. Some of these items add up quickly, so be sure to claim them all.

Home Care for Spouses or Dependents

If you have a home care professional visiting to take care of your spouse or another dependent (say an elderly sister) then those costs can be used as a tax deduction.

For legal assistance with elder law issues or benefits, contact Stano Legal group!