South Carolina Nursing Home Credit

Article ID: 60062  

Question
South Carolina Nursing Home Credit

Answer

NURSING HOME CREDIT: For individuals paying expenses for their own support or the support of another to an institution, in any state, providing nursing facility level of care or to a provider for in-home or community care. A physician must certify that nursing care is needed. No credit is allowed for expenses paid from public source funds (such as Medicaid or Veterans Administration). The credit is for 20% of the expenses paid, up to a maximum credit allowed of $300. There is no carryover if the credit is more than the amount of tax due. There is no separate form for this credit.

 


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Views: 2110 Created on: Jun 15, 2013