About 25 percent of U.S. families who care for their parents spend in excess of $10,000 each year doing so. Plus, 40 percent of all families who pay the way for their elderly parents...
Posted by CROMWELL & ASSOCIATES, LLC on 05/17/2017
Everyone wants to save money on their taxes, but most people think they must itemize everything if they are going to maximize any refund. While this may be the case in some instances,...
Posted by Maureen Thielen, EA, MST on 05/10/2017
Most taxpayers believe that if they want to claim any deductions but the standard ones, they must file an itemized tax return. The truth is there are a series of deductions that may...
Posted by RONNIE@RLDARDENCPA.COM on 05/10/2017
According to the AARP, over 30 million American adults are caregivers to other adults. What's more, about 80% of family caregivers are paying for dependent care expenses out-of-pocket,...
Posted by Advantage Tax Service on 05/10/2017
About one-quarter of all U.S.families who take care of aging parents spend more than $10,000 per year doing so. In addition, at least 4 out of 10 families who care for elderly parents...
Posted by PB Tax & Accounting Services on 05/10/2017
Caring for an aging or infirm parent can be financially taxing. According to Caring. com, a Bankrate company, more than 40 percent of family caregivers spend at least $5,000 a year...
Posted by Bottom Line Tax Services, LLC on 05/10/2017
As our parent age, we continue to receive so much support from them, just as we received as children. Although the financial support is not something that most elderly parents can...
Posted by ICHIBAN INTL., INC. dba US-Taxman on 05/10/2017
The tax reform proposal coming from the Trump administration includes another two dependent care deductions that will benefit families paying for child care. The first proposed tax...
Posted by Advantage Tax Service on 05/09/2017
According to Topic 602 - Child and Dependent Care Credit - of the American Tax Code on the IRS website, you may qualify to claim child care and dependent care deductions if during...
Posted by PB Tax & Accounting Services on 05/09/2017
