According to the U.S. Department of Health and Human Services, Administration on Aging:
“The older population, persons 65 years or older, numbered 39.6 million in 2009…about one in every eight Americans. By 2030, there will be about 72.1 million older persons, more than twice their number in 2000.”
With several factors helping us to live longer, more and more adult children are finding themselves taking over the role of caregiver to their aging parents. If you are in this group, the link below offers some good information that may help you make sure you are getting the deductions and credits to which you may be entitled.
Please contact us if you need additional information or assistance. We would be happy to help in any way we can.