I spent $200K upgrading my elderly parents' home — here's what the IRS actually lets me deduct
Key takeaways
- Adult children are the primary family caregivers, accounting for about 41% of those providing care.
- Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’
- Millionaires under 43 hold only 25% of their wealth in stocks.
I spent $200K upgrading my elderly parents' home — here's what the IRS actually lets me deduct New Africa/Shutterstock Christy Bieber Sat, June 20, 2026 at 11:20 PM GMT+7 4 min read In the U.S., more than 24 million people (1) provide unpaid care for older adults. Adult children are the primary family caregivers, accounting for about 41% of those providing care. This can cause both personal and financial stress on families.
Let’s pretend, for example, that Lacey has been helping out her parents, including by renovating the family home to ensure her parents can age in place despite their growing list of medical conditions, including arthritis that has made it very difficult for her mother to walk upstairs.
Robert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this ‘explosion’