Can you claim your caregiving expenses for a parent as a parent tax deduction? Children who financially care for a parent may be entitled to claim the parent as a dependent on their tax return which can translate into deductions for the family caregiver. The Internal Revenue Service (I.R.S.) has multiple criteria to determine if a parent would qualify as a dependent beginning with the 50% thresh hold. If more than 50% of the care for a parent is paid by a child or multiple siblings … [Read more...] about Caregivers – Does Your Parent Qualify As A Tax Deduction?