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Can medical expenses funded from a Special Needs Trust be deducted?
Hello –
Can medical expenses for a dependent child that are funded from a Special Needs Trust be deducted by the parents?
Situation: Parents are going to deduct medical expenses for the tax year. The dependent child (fully disabled, under 18) has a Special Needs Trust (SNT). Can qualifying medical expenses funded from the SNT be rolled into the family’s deductible medical expenses? Can qualifying medical expenses funded from an ABLE account be rolled into the family's deductible medical expenses?
Thanks!
Topics:
December 30, 2023
7:42 AM