Caregiver Tax Deductions: What to Track
Family caregivers who pay for a parent's medical bills, housing, or daily care may qualify for tax deductions and credits that put real money back in their pockets. The key is keeping the right records all year long. Caring for an aging parent is one of the most meaningful things you'll ever do — but it can also be one of the most expensive. According to AARP research, family caregivers spend an average of more than $7,000 annually on…