While Caregiving is a costly undertaking and resources to help with that cost are few and far between, there are some tax angles and issues that need to be understood, and some that can help with the impact of that cost.
Obviously, your own tax professional should be consulted before trying to undertake anything mentioned in this article. It is important, as well, to consider enlisting the professional assistance of someone experienced in applying for Government benefits, if you decide to try and obtain Medicaid or other Government benefit programs. The complexity of filing and handling the invariable reams of paperwork involved is daunting at best and downright intimidating for others. We are linking to an excellent article from TaxAct.blog and recommend consulting it as a good place to start your benefits investigation.