Dr. Friday 0:00
Good day. I’m Dr. Friday president of Dr. Friday’s tax and financial firm. To get more info go to www.drfriday.com. This is a one minute moment.
Dr. Friday 0:12
This is happening more and more. This question says, “My father is in a nursing home and I pay for the entire cost. Can I deduct these expenses on my tax return?” The answer is yes. If you’re paying for this person’s care, and they can’t afford it themselves, then that person might be able to be your dependent and therefore their nursing is if you or your spouse or your dependent is a nursing and primary care. Then the entire nursing home costs including meals and lodging are deductible as a medical expense. You may want to look at this because a lot of times people forget that they can take this deduction on their tax returns. Call me at 615-367-0819.
Announcer 0:52
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.