The Best Are Out Of Pocket Nursing Home Costs Tax Deductible Ideas. Adjusted taxable income (ati) family status. The deductible amount is limited to any amounts paid that are more than 7.5% of your adjusted gross income (agi) for the year.

What are medical expense tax deductions? When filing taxes, these deductions must be listed in the medical and. According to a 2021 cost of care survey by genworth, a private room in a nursing home costs $297 per day, or $9,034 per month.