Are you sure you want to exit? Your progress will be lost.
Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
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I acknowledge and authorize
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I consent to the collection of my consumer health data.*
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I consent to the sharing of my consumer health data with qualified home care agencies.*
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Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
If your situation is not too complicated, Tax-Aide will complete your taxes (both federal and state) for free: https://www.aarp.org/money/taxes/aarp_taxaide/
It has to be quite a large amount, generally, but yes, and this is a question for a Licensed Accountant. You really need one in knowing what your rights are. This isn't, as Igloo, who is somewhat an expert, observes, a DIY situation.
Tax deductions can be taken for your being in care and even in ALF and MC, but it depends on the amounts. You cannot deduct your say 5,000 for apartment in ALF, but you can deduct care fees if they rise to a certain amount. And, again, this amount is within the ruling of each state for state taxes and general for federal.
Get the taxes done by an expert. It is almost always well worth the money to do so.
If you hire a caregiver through an agency, yes. You can deduct 7% from your federal taxes. Not much, but better than nothing.
However, if you care for your loved ones, you can’t deduct. Millions of Americans are in this loophole. They pay for everything but can’t deduct a dime.
Worried, I don't think that you are correct about "deducting 7%".
If your medical expenses (and if you have a care plan for your husband that was written by a medical professional, care is a medical expense) you can deduct the care costs if the are over 7.5 % of your income (AGI).
You need an attorney. Or a CPA. Or both. It would take hours to answer this question for you, and we are working blind. We have no idea of what you situation is.
There is a huge difference between caring for someone in home and having "shared living expense" and on the other hand "being paid compensation for said care". One is taxed. The other is not. In either case you need a solid lawyer-written contract of care. That protects you and the other person.
Of course, you could simply be asking about having taken in an elder and taking on their own costs to some %/extent. If this is the case you can either claim them as a tax deduction or not.
So in short, you need to get together you DETAILED questions, one at a time, and off you go to either elder law attorney or CPA or both. This is crucial to your own financial stability and to that of your elder. You cannot be wrong about legal and financial things without sometimes catastrophic circumstances showing up at the doorstep. There are repercussions legally for YOU and for your elder who could be denied governmental assistance in the future is they make payments to you that look like "gifting" and don't have solid contractural grounding.
I wish you the best, but one sentence questions here are no protection. We are just a group/international in fact, or folks who have done caregiving. Giving you our answers that were OK in our cases may mean nothing in your own. I sure wish you luck. There's lots to learn in all of this. Do know that if you are the POA you have a right to solid legal help paid for by your elder.
I believe in hiring somebody who knows what they are doing when you need more than a basic tax prep, at least for the first time, you can then copy that template in future returns.
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
If your situation is not too complicated, Tax-Aide will complete your taxes (both federal and state) for free: https://www.aarp.org/money/taxes/aarp_taxaide/
Tax deductions can be taken for your being in care and even in ALF and MC, but it depends on the amounts. You cannot deduct your say 5,000 for apartment in ALF, but you can deduct care fees if they rise to a certain amount. And, again, this amount is within the ruling of each state for state taxes and general for federal.
Get the taxes done by an expert. It is almost always well worth the money to do so.
However, if you care for your loved ones, you can’t deduct. Millions of Americans are in this loophole. They pay for everything but can’t deduct a dime.
If your medical expenses (and if you have a care plan for your husband that was written by a medical professional, care is a medical expense) you can deduct the care costs if the are over 7.5 % of your income (AGI).
It would take hours to answer this question for you, and we are working blind.
We have no idea of what you situation is.
There is a huge difference between caring for someone in home and having "shared living expense" and on the other hand "being paid compensation for said care".
One is taxed. The other is not.
In either case you need a solid lawyer-written contract of care.
That protects you and the other person.
Of course, you could simply be asking about having taken in an elder and taking on their own costs to some %/extent. If this is the case you can either claim them as a tax deduction or not.
So in short, you need to get together you DETAILED questions, one at a time, and off you go to either elder law attorney or CPA or both. This is crucial to your own financial stability and to that of your elder. You cannot be wrong about legal and financial things without sometimes catastrophic circumstances showing up at the doorstep. There are repercussions legally for YOU and for your elder who could be denied governmental assistance in the future is they make payments to you that look like "gifting" and don't have solid contractural grounding.
I wish you the best, but one sentence questions here are no protection. We are just a group/international in fact, or folks who have done caregiving. Giving you our answers that were OK in our cases may mean nothing in your own.
I sure wish you luck. There's lots to learn in all of this. Do know that if you are the POA you have a right to solid legal help paid for by your elder.
I think the person you caregive needs to be a dependent, and there are clear guidelines as to who qualifies as a dependent.
https://www.aplaceformom.com/caregiver-resources/articles/is-home-care-tax-deductible
I believe in hiring somebody who knows what they are doing when you need more than a basic tax prep, at least for the first time, you can then copy that template in future returns.