I just became a caregiver for a parent, how does that change my taxes?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Becoming a caregiver for a parent can affect taxes in several ways, depending on the parent’s living arrangement, income, and whether you pay for medical or household support costs. In some cases, the parent may qualify as a dependent, and that can influence filing status, credits, and the treatment For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.