“Hypothetically, a senior in a nursing home with income enough to cover the yearly cost - under new plan taxed on that income with no way to offset it with medical costs “
How much of the annual cost for nursing home care would be considered medical coasts?
I assume much of it would be condidered costs for lodg-eng,utilites,food,clothing,and personal care items?
Just curious.
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If a person has savings/income to pay those costs themselves, definitely medicaid wouldn't and I doubt much medicare payment (they do not pay long term nursing care).
I just found this:
is in a nursing home or home for the aged, and the primary reason for being there is for medical care, the entire cost, including meals and lodging, is a medical expense for purposes of the tax deduction.