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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: ccryder who wrote (932)4/4/1998 3:52:00 PM
From: Gorak Shep  Respond to of 5810
 
But to take a charitable deduction for providing the same support to one's own parents is NOT ALLOWED??? Yeah man, it sucks

Wow, you mean you can't be subsidized by other taxpayers to care for your own parents? That DOES suck. Can I send you a check?



To: ccryder who wrote (932)4/5/1998 2:37:00 PM
From: Colin Cody  Respond to of 5810
 
Providing care to a charitable HOME is from your heart for the good of the COMMUNITY and therefore is deductible to the extent of your actual out-of-pocket COSTS.

Caring for a FAMILY MEMBER is of a PERSONAL NATURE, not a COMMUNITY BENEFIT, per se. Therefore the community, via a tax deduction, does not give you a tax deduction... UNLESS you qualify under the MEDICAL DEDUCTION rules!!

Colin


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