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4 Tax Breaks If You’re Caring for a Parent

April 15, 2018

From the nextavenue website

Over 17 million people in the United States are actively taking care of their elderly parents, according to the Bureau of Labor Statistics. Providing that care can be vital, and it also can be expensive: A study by the Urban Institute found that out-of-pocket expenses can run $140,000 on average in families in which an elderly person has long-term care needs.

However, a few tax breaks might help. These aren’t the only ones that might be available to you, so consult with a qualified certified public accountant or financial planner for other options.

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From → Finance

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