the short answer to your question is "YES". The longer answer is that in order for her to claim the expense, she must itemize her deductions. In addition, her itemized deductions must be more than what the standard deduction currently is. That might not be too hard to do if she lives in one of the higher tax property tax states and/or higher state tax states. Depending upon how much out-of-pocket your Mom pays for medical, she might not have a sizeable deduction to make it worthwhile for her and you.
If she claims the amount of money that she gives to you as an expense, then you will need to claim it as income on your return.
如果你不想找一个会计师,你可以得到a copy of TurboTax for Home and Business or one of the Tax programs that will allow you to file a Schedule C for yourself. Start putting in all the numbers, using last years figures, then add to the form for the 2 scenarios, one where you are a contractor and one where you are an employee of your Mom. Make sure you enter all her medical expenses for last year, even though she took the standard deduction.
that will give you a rough idea of whether it will be worth the effort or not. I am not a CPA, however, I will tell you that I find taxes more fun than most people. If you are like me and find taxes "fun", I would suggest that you forecast how this is going to affect both your Mom's and your tax return before making the final decision.
bubbaclemson123:当你状态进一步沿着这届read that your mother files her federal income tax using the STANDARD deduction, in order to claim (if even possible) health care costs, she would have to file using the ITEMIZED deduction. It's best to pose your question to a certified public accountant as a lot of criteria have to be met/answered for your mother regarding your question.
Does she already itemize deductions or does she use the standard deduction? If all of her medical expenses exceed 7.5% of her income she can deduct the excess with her other itemized deductions, including her mortgage interest, charitable donations, and state taxes. If the standard deduction is better than itemizing, there is no benefit.
You can consult an appropriate professional for details. If Medicaid is a possibility in the future, make sure that you are well informed about what a personal care contract is.
Your profile says your mother is 100 years old. Is her pension and any other interest income enough to warrant her filing? If not, then a tax deduction won't be of any benefit to her. Maybe a simple question for an accountant to easily answer since we don't know anything about her total financial situation.
Always, always, Always visit with an elder law attorney to learn about responsibilities associated with being the employer of a caregiver.
Yearly gifts mess up Medicaid qualification!
If she claims the amount of money that she gives to you as an expense, then you will need to claim it as income on your return.
她或您将要/应该支付所有其他作品以使其合法,尤其是如果她向您支付超过2300美元/年的费用。她可以作为雇主支付“零件”,也可以作为独立承包商付款。
如果你不想找一个会计师,你可以得到a copy of TurboTax for Home and Business or one of the Tax programs that will allow you to file a Schedule C for yourself. Start putting in all the numbers, using last years figures, then add to the form for the 2 scenarios, one where you are a contractor and one where you are an employee of your Mom. Make sure you enter all her medical expenses for last year, even though she took the standard deduction.
that will give you a rough idea of whether it will be worth the effort or not. I am not a CPA, however, I will tell you that I find taxes more fun than most people. If you are like me and find taxes "fun", I would suggest that you forecast how this is going to affect both your Mom's and your tax return before making the final decision.
警告:如果您的妈妈在2021年给您超过15,000美元的$ 15,000,那么您将排除礼物税,您的妈妈应该对“礼物”缴税。但是,现在有一些方法可以不缴纳此税。因此,在您做出最终决定之前,我将由CPA运行。开始自己的业务很容易。您必须做的所有其他事情都需要额外的警惕...如果您不花时间正确地进行这些作品,则可以触发IRS的访问,他们会找出付款,并可能会处罚。无知并不是不缴税的借口。...如果您有税款,也不要忘记考虑州所得税。
这取决于:
她的费用有资格吗?
https://www.irs.gov/publications/p502#en_us_2021_publink1000178975
Note the requirements for medical certification and plan of care.
Does she already itemize deductions or does she use the standard deduction? If all of her medical expenses exceed 7.5% of her income she can deduct the excess with her other itemized deductions, including her mortgage interest, charitable donations, and state taxes. If the standard deduction is better than itemizing, there is no benefit.
Also check to make all paperwork is in order.
她是否符合工资税要求?当提交扣除索赔时,国税局需要证明,以便他们可以验证适当的SS,Medicare等。
您是否要求税收收入?国税局将遵循这笔钱,以确保您还要缴纳所需的税款。支出的报销(租金,杂货,公用事业等)的处理方式可能与服务补偿不同。
You can consult an appropriate professional for details. If Medicaid is a possibility in the future, make sure that you are well informed about what a personal care contract is.
Agingcare.com/articles/personal-care-agreements-compensate-family-caregivers-181562.htm