Is Assited Living, tax deductible?

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Senior Housing Solutions

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Posted on

Feb 27, 2025

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Florida - Southwest

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Yes, certain costs associated with assisted living may be tax-deductible, but it depends on your specific situation.

If the assisted living costs are for medical care, they can potentially be deducted as medical expenses on your taxes. However, there are a few conditions:

Medical Care Costs: The portion of the assisted living fees that are directly related to medical care (such as nursing services, personal care, and help with activities of daily living) can be considered a medical expense. These may be deductible if they are deemed necessary medical care.

Eligibility: To qualify, your total medical expenses (including assisted living costs) must exceed 7.5% of your adjusted gross income (AGI) for the tax year.

Non-Medical Costs: The cost of room and board (such as rent for the living space, food, and housekeeping) is generally not deductible unless it is tied to medical care.

Long-Term Care Insurance: If you have long-term care insurance that covers assisted living services, the payments may also be deductible.

It’s a good idea to consult with a tax professional or accountant who can evaluate your specific situation and help you navigate the tax rules.

For more information, contact www.seniorhousingsolutions.net 

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