Tax Deductions for Senior Living Expenses As we age, our expenses tend to increase, particularly those related to healthcare and senior living. Unfortunately, many senior citizens are unaware that they can claim certain senior living expenses as tax deductions, reducing the amount of tax they owe. This article will provide a comprehensive guide to the tax deductions available for senior living expenses, including medical costs, long-term care insurance, and housing expenses. Medical Expenses Medical expenses can be a significant burden for senior citizens, and healthcare costs are only expected to increase in the coming years. Fortunately, many medical expenses related to senior living can be claimed as tax deductions. Some of the most common medical expenses that are deductible include: Long-term care services such as nursing homes or assisted living facilities In-home care services Prescription drugs Medical equipment and supplies Transportation costs for medical appointments Out-of-pocket expenses for medical and dental procedures We value your questions and feedback. If you want to learn more or have any concerns about the information presented in this blog post, please contact us. Our friendly Well Homed Assisted Living team can be reached via phone and is ready to help you in any way we can. So don't hesitate to call us; we're here for you.