Dependent tax status for aging relatives supported

03/08/2012 12:00 AM

03/08/2012 8:23 AM

More than 95 percent of Americans past age 30 think that if they provide housing and care for their aging relatives, they should be able to claim those relatives as dependents on their tax returns, according to new research from A Place for Mom, a nationwide referral service on senior housing options.

While nearly 20 percent of Americans say they're not saving enough money to care for their aging loved ones, almost a quarter of those surveyed also say they know they'll have to take in their aging relatives within the coming year, the study found.

http://www.aplaceformom.com/blog/tax-relief-for-the-sandwich-generation

 

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