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Hi You All, We pay our mothers caregivers $4k per month via Venmo or PayPal . Tax time is coming . Can I use as a tax deduction?
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You need to speak to a tax account/tax professional about this. It is not a cut and dry situation.
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This is general note, not tax advice. The. biggest question is whether they declared the income. Cash based payments not declared as income by caregiver are typically treated as gifts by IRS and sometimes Medicaid. You can’t deduct gifts as an expense for caregiving.
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