AgingCare.com has a good article on tax tips that you may want to look into. It is written by June A. Schroeder, RN, CFP, an expert in this field. We can all use a little tax help. The article begins:
"It isn’t just time, but money that most caregivers donate to help maintain the ones they love. I know. I did it for years following willingly in the footsteps of my mom who also did it for years. The financial toll is often insidious. You shop and include their groceries, pay for repairs and the gas for trips to the doctor, you lose time at work and pretty soon we’re talking big money. To compensate you cut back on vacations, cut or discontinue savings, don’t get your teeth cleaned or you may even take out loans to cover caregiving costs."