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[Event] Ask the Experts: Biz Recordkeeping & 1099-NEC Filing
Generally, as a caregiver for your own disabled child, you cannot deduct care-related expenses as business expenses.
However; caring for your disabled child may allow certain medical expenses to be deducted as an itemized deduction if the total unreimbursed costs exceed 7.5% of your adjusted gross income and may include specialized schooling, certain travel for medical care, and other disability-related equipment and services.
For an expense to qualify as a deductible medical expense, you must document it as medically necessary for your child's well-being and not a standard family expense.
Here is a helpful link: Claiming medical expenses
Have an amazing day. Evelyn M (CPA 20+ years)
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I would love a thumbs up 🙂 + Mark the post that answers your question by clicking on "Mark as Best Answer"
a week ago
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