SANFORD–It’s that time of the year when we all file our tax returns. There are some hidden ‘did you knows’ in the process. Judi Womack of the Enrichment Center said a report by the National Alliance for Caregiving and AARP says 43.5 million Americans look after someone age 50 or older, up 28% from 2004. On an average, each caregiver spends about $5.500 a year providing that care. Some people, for example, may be able to claim a care recipient as a dependent on their tax returns. With such an exemption, you can reduce your taxable income. If you are paying for some or all of a care recipient’s medical or dental expenses, you may be eligible for yet another tax break.
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