Taxation of home health care benefits and family caregivers

Posted Leave a commentPosted in Financial Planning, Retirement, Tax Planning

When it comes to providing care in the home for a parent or relative, the tax implications can quickly become complicated. The IRS issued some guidance last year when payments come from Medicaid or similar programs under section 1915(c) of the Social Security Act. In short, these payments are not subject to self-employment tax but […]