Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
ashu-sharma-indi
Level 2

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

Essentially do i get any tax benefits if i 100% contribute to my senior parents health insurance premiums and anything else? I am US Citizen and i petitioned them to come here with me(they are on Green card)
1 Best answer

Accepted Solutions
DoninGA
Level 15

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

You may be able to claim your parents as dependents on your tax return under the Qualifying Relative rules if they meet all the requirements.  When claiming them as dependents you can claim the health insurance premiums you pay for them on your tax return as an itemized medical deduction on Form 1040 Schedule A.

To be a Qualifying Relative -

1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld.

2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 

3. The person's gross income for the year must be less than $4,050 (social security does not count) in 2016

4. You must provide more than half of the person's total support for the year.

5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year.

6. The person must not file a joint return with their spouse.

View solution in original post

6 Replies
SweetieJean
Level 15

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

Don't they have Medicare?
ashu-sharma-indi
Level 2

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

No. After becoming US Citizen I petitioned them via I-130 process. They came to USA on green card. They need to be at least US Citizen(after staying in USA for 5 years) to get medicare etc....prior to that I or somebody else has to have the health insurance for them.
DoninGA
Level 15

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

You may be able to claim your parents as dependents on your tax return under the Qualifying Relative rules if they meet all the requirements.  When claiming them as dependents you can claim the health insurance premiums you pay for them on your tax return as an itemized medical deduction on Form 1040 Schedule A.

To be a Qualifying Relative -

1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld.

2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 

3. The person's gross income for the year must be less than $4,050 (social security does not count) in 2016

4. You must provide more than half of the person's total support for the year.

5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year.

6. The person must not file a joint return with their spouse.

ashu-sharma-indi
Level 2

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

#2 - does the parent has to live all the 12 months in that year? Can they just live for 6 months per year? My parents are from India - they worked prior to getting retirement from India. They want to stay 6 months in USA and 6 months in India.
DoninGA
Level 15

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

The parent, being related to you, does not have to live in your home at all under the QR rules.
ashu-sharma-indi
Level 2

My elderly parents are living with me(in TX)& they don't have any insurance.I need to pay for their insurance premiums & everything.Can i get any tax benefits due to this

@DoninGA - thanks a lot for your prompt responses.
Dynamic AdsDynamic Ads
Privacy Settings
v