Updated

A report detailed how a family paid $129,000 for a year of nursing home care, most of which the IRS treats as a deductible medical expense, yet the deduction is rarely claimed by taxpayers. The case underscores broader confusion around tax rules for long-term care costs amid rising elder-care expenses nationwide. The story highlights a gap between available tax relief and taxpayer awareness, as aging demographics increase the financial burden of long-term care on American families.