Benefits of Tax Deductive Assisted Living At our senior living community, we believe that living comfortably and happily in your golden years should be accessible to everyone. Many seniors and their families are looking for ways to make senior living more affordable. One option that many people may not know about is the potential for tax deductions related to senior living expenses. In this article, we will explore the tax benefits of senior living and help you understand how you may be able to save money on your taxes while enjoying the benefits of senior living. Tax Benefits of Senior Living Many people are unaware that some senior living expenses may be tax deductible. Some examples of potentially deductible expenses include: Medical expenses: If you or your loved one is living in a senior living community due to a medical condition, the cost of that care may be tax deductible. Home improvements: If you are making home improvements to make your home more accessible due to a medical condition, some of those expenses may be tax deductible. Long-term care insurance premiums: If you are paying long-term care insurance premiums, those expenses may be tax deductible.