Eldercare and Taxes
Author: Barbara Weltman
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
The matter of aging in the U.S. and the tax issues that come into play cannot be ignored. The U.S. Census Bureau says 18% of Americans were 65 or older in 2025, and the percentage of the population represented by seniors is expected to grow considerably. This on-demand CPE course provides you with an overview of planning tips and techniques on eldercare to help you in your practice.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN cardPublication Date: January 2026
Topics Covered
- Planning Ahead for Longevity
- Paying for Eldercare
- Social Security Benefits and Medicare
- Longevity Annuity Contracts
- Government Programs
- Medicaid
- Housing
- Adult Daycare
- Tax Rules Unique for Seniors
- Tax Rules for Caregivers
- Legal Documents for Healthcare and Financial Management
- Types of Trusts
- Cancellation of Medical Debt
Learning Objectives
- Identify and apply strategies for planning ahead for elder care
- Recognize the options for paying for long-term care
- Describe true statements about Social Security
- Identify which types of trusts are suitable for someone who needs nursing home care
- Recognize how to differentiate qualified retirement plans which can create tax-free income for old age
- Recognize tax breaks for health savings accounts
- Identify housing solutions and their tax implications for seniors
- Recognize how qualified charitable distributions fit into elder care planning
- Identify the tax-related matters to be included in a durable power of attorney
- Identify tax issues for caregivers
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
