Did you know if you are paying for home care for incapacitated people, you can claim tax relief at your higher rate of 41% income tax. This contrasts with paying for nursing home fees, where you will just get tax relief at the standard rate of 20%. Therefore home care is an affordable alternative to long-term residential care.
So if you're paying €1,000 a month for your mother or father to receive home care you could claim back €410 per month or €21,320 a year. You can avail of these savings on a monthly or yearly basis.
For further information on claiming tax relief on home care fees please contact Home Instead Senior Care on 1890 930 013.