Assisted Living Tax Year

For an Assisted Living Facility, is the medical cost deducted when paid, or when incurred? In Late Dec 2024, the bill for Jan 1- 31st, 2025 daily costs was paid. The bill was due Jan 1st. Is this cost deducted on my 2024 or 2025 return?

posted

On an individual tax return, expenses are reported in the year they are paid. Even if the invoice is due after the first of the year, if payment was sent/paid before 12/31, the expense belongs in the current tax year.

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