If you are a veteran or widow of a veteran who served in a war, you may be eligible for a monetary program called Aid and Attendance. Our manager will put you in touch with the local VA director to complete necessary forms in order to determine if you could be eligible for this or any other VA benefits.
Section 213 of the Internal Revenue code allows deductions for medical care for an individual, spouse, or dependent if the expense exceeds 7.5% of the taxpayer’s adjusted gross income. The monthly fee of an Assisted Living Community is a medical expense. It further states that if a resident is living in an Assisted Living Community because of a medical condition which requires them to be there, and meals and lodging are furnished, then the cost is considered a medical care expense.
If the main reason for living in an Assisted Living community is for medical care, then that cost is a deductible medical expense. Please consult your tax advisor on this rule if you feel this would apply to your situation.