How Much Does Assisted Living Cost in Chicago Illinois?
Posted November 13, 2015
This is the number one question we get asked about assisted living every day. And if you are NOT asking this question and are assuming the government will pay for your parents stay at an assisted living, then we need to have a frank talk! Every year, Genworth Life publishes the average costs for senior care and elder care across the country. These reports include the cost for not only assisted living but also nursing home care, home health aides & homemaker services as well as adult day care. On average across the country assisted living runs $43,200 a year. ...read more
Tax Deductions for Assisted Living Costs
Posted February 19, 2010
I am doing my taxes this week so it reminded me to post this. I am not an accountant, I have to hire one because I could not even begin to figure out my taxes even if I used an EZ form. So, I am not qualified to give you any advice on this subject. But I can give you the link for the IRS form 502. You should consult the form and your tax professional because in some cases the entire monthly fee might be deductible, while for other just the fees for specific personal care services would quality.read more