I know I can claim him as a dependent. But can I also deduct some of his expenses that I pay? His only income is social security disability, amounting to $700 per month. I chip in about $2300 per month to cover the rest of his expenses.
2007-11-09 11:02:09 · 13 answers · asked by thatpeg 2 in Business & Finance ➔ Taxes ➔ United States
If you itemize and you claim him as a dependent, you can claim any medical expenses that you pay for him as an itemized deduction - you can only deduct the amount that's over 7.5% of your income. Other than that, no.
If he doesn't live with you, then he isn't your "qualifying child" so things you can deduct are limited. Since you mention paying his rent and utilities, I'm assuming he does NOT live with you - if he doesn't, he still probably qualifies as your dependent as a qualifying relative, but would not qualify for example for a dependent care credit even if you paid someone to be with him so you could work. If he doesn't live with you, he would not be a qualifying person for you to get EIC either.
2007-11-09 13:35:50 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
You cannot deduct rent, utilities, food, recreation, and some other categories of support.
However you can deduct medical expenses you pay for your brother. Have his SSDI income pay for nondeductible expenses like food and utilities, and you pay all of the medical.
If you have a daycare provider or health care assistant come to the house, you can deduct that either as a Dependent Care Credit or as medical expenses, if care for him while you are at work is medically necessary.
If your brother qualifies as your dependent, then due to his disability he will qualify as a "qualifying child" and you can get benefits such as the Earned Income Credit for him. Be sure to have this reviewed by a tax professional to make sure you are getting the credits you qualify for.
Some states have a credit for a disabled dependent, check that out for your state.
2007-11-09 11:28:10 · answer #2 · answered by ninasgramma 7 · 4⤊ 0⤋
You need to have a tax expert do your taxes for you. You cannot deduct everything if you are claiming a deduction for him, as many of those items are covered in the deduction. You can certainly deduct any meds and other medical expenses that aren't covered by his SSI, any personal care for which you pay (someone to watch him etc.). If you get a flexible spending account, you can deduct pre-tax for those dependent care expenses (it's the same as child care). Again, pay the $200 or so for a tax person to do your income taxes--it will more than cover the savings.
2007-11-09 11:21:28 · answer #3 · answered by Anna P 7 · 2⤊ 1⤋
if you can claim him as a dependent you can deduct medical expenses that you pay. For the other expenses, ask yourself if you could deduct them if they were yours. Utilities and rent are not normally deductible, for instance.
2007-11-09 11:26:59 · answer #4 · answered by skip 6 · 1⤊ 0⤋
If the child is receiving help from SSI because of the fact the pinnacle of kin is disabled, then it rather is the child help, although, he needs to have his help order replaced and replicate the alterations in his income. If he paid via a state employer, like a infant help Enforcement branch, then he can in all probability petition them to have a overview by utilising an Administrative regulation decide for loose, notably if it is been extra advantageous than 3 years because of the fact the final modifcation became made to the child help.
2016-10-02 00:08:29 · answer #5 · answered by Erika 4 · 0⤊ 0⤋
First let me say, I am proud of you. A lot of people would have found a home for the disabled or let the state take care of them.
I think you can deduct many if not all of those expenses. I would get a pro at tax time and find out. The fee to have your taxes done is deductible.
2007-11-09 11:09:51 · answer #6 · answered by Colt 4 · 1⤊ 3⤋
Your brother makes more money than me with you contribution. Does he seriously need $3,000 a month? Have you enrolled him in and "Americans with Disabilities" benefits. Have you considered alternate living arrangements?
And if he's on disability, he has Medicare and his medical expenses are being paid for.
2007-11-09 11:06:39 · answer #7 · answered by Ape Sith 4 · 0⤊ 1⤋
you can deduct all medical related expenses for yourself and your dependants.
meds, co pays, docs appts
i don't think rent or utilites though
2007-11-09 11:05:45 · answer #8 · answered by Anonymous · 3⤊ 1⤋
If he is totally dependent on you for his existence, then you should be able to make a substanncial claim.....it best to consult a tax pro, who will tell you what you can, and what you cant.
2007-11-09 11:04:58 · answer #9 · answered by Anonymous · 1⤊ 3⤋
Yes, I believe you can.
Check with your accountant or call a social service worker whom maybe be able to answer that.
2007-11-09 11:04:59 · answer #10 · answered by Mom of 2 great boys 7 · 1⤊ 3⤋