When I was taking care of my parents I claimed them on my tax return as dependants since I provided more than 50% of their monthly financial support.. You may be surprised what you are actually able to deduct - Hey you are paying for it out of responsibilty - why not get the tax break you are entitled to check out this article from the IRS and always only take advice from your own accountant 1. Claim care-related creditsChild & Dependent Care Credit info: https://www.irs.gov/credits-deductions/individuals/child-and-dependent-care-credit-information

If you are not ok yourself than you are NOT able to help anyone else including your spouse/partner, kids or parents Check out this great article from AARP 1. AARP — How Guilt-Ridden Caregivers Can Set Limitshttps://www.aarp.org/caregiving/life-balance/overcome-caregiver-guilt/

Here is a great article Would love your thoughts https://www.newsweek.com/sandwich-generation-struggles-retirement-savings-2123591

Would love to hear your thoughts

Announcing The Stuck In The Middle Community If you are Stuck In The MIddle you know how lonely and isolated it can feel. Always being pulled in different directions and needing to make instant decisions that carry major consequences.As an only child facing these challanges with my parents , while trying to keep my business on track , my marriage together and being a father for my 2 children was a tough balancing act financially, physically and of course emotionally.Being a private person who always feels “I CAN HANDLE IT” I am pretty bad at expressing my inner emotions.. especially on social media ,,Heck I don’t even share it privately to my wife..PEOPLE WHO ARE NOT IN THIS SITUATION CANNOT RELATESo I decided to start a community where we can all come together. We can share and we can help each other!!PRIVATELY and in our own community..WHICH IS WHY I DECIDED TO ONLY HAVE YOU INVEST A NOMINAL AMOUNT - LESS THAN A BREAKFAST AT STARBUCKSThat way we can insure only quality people and only quality conversations.I will be in the group daily and sharing tips and tools and life experiences and I hope you will to so we can help each other!!!