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Get your taxes done using TurboTax
Are you claiming your parents as dependents? If so you would get the $500 credit for other dependents for each of them which you say you are getting. And if you pay for their medical expenses and itemize deductions you can enter the out of pocket medical expenses you paid for them. Did you pay any of their medical expenses?
No, there are no other tax benefits on your federal return for taking care of your elderly parents, or for saying on your return that they are disabled, unless you pay someone to take care of them so that you can work---in that case you could enter the child and dependent care credit and enter information for the money spent on a care provider for them.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎June 22, 2024
9:57 AM