The Internal Revenue Service (IRS) offers tax deductions on some costs related to senior care for both the resident and their family caregiver. Kingsway Community does not provide tax advice, but we suggest reaching out to your tax adviser or accountant for guidance on assisted living financing, as the after -tax cost of senior living can represent a significant savings. Tax deductions may apply to room and care costs.
The U.S. Department of Veterans Affairs outlines the benefits available to our senior veterans. War veterans and their spouses may be eligible to receive monthly payments to help defray the cost of Assisted Living or other non-reimbursed medical care through the Aid and Attendance program.
To learn more, contact your Veterans Regional Office, or call 800-827-1000.