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Frank, a widower, had a serious stroke and is no longer capable of caring for himself. He has three sons, all of whom live in different states. Because they are unable to care for Frank in their homes, his sons have placed him in a nursing home equipped to provide medical and nursing care facilities. Total nursing home expenses amount to $45,000 per year. Of this amount, $18,000 is directly attributable to medical and nursing care.Frank's Social Security benefits are used to pay for $12,000 of the nursing home charges. He has no other income. His sons plan to split the remaining medical expenses equally.
a. What portion of the nursing home charges is potentially deductible as a medical expense?
b. Can you provide Frank's sons with a tax planning idea for maximizing the deduction for his medical expenses?
Jehovah's Witness
Members of a Christian denomination known for their door-to-door evangelism, refusal of blood transfusions, and non-participation in secular government.
Blood Transfusions
The process of transferring blood or blood products from one person into the circulatory system of another.
Alternative Treatment
A term used for medical treatments that are used instead of traditional therapies, often involving holistic or non-conventional methods.
Nursing Theory
A conceptualization of some aspect of nursing communicated for the purpose of describing, explaining, predicting, or prescribing nursing care.
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