Paul Chambers :chambers: · @paul
1432 followers · 5943 posts · Server oldfriends.liveIf you get paid by #Medicaid to care for a loved one who lives in your home through a state #MedicaidWaiver program, it probably is income / #SelfEmployment tax free.
Many #IRS #TAX #IncomeTax #TaxPreparers / #Accountants don't know this.
You should enter "Notice 2014-7" on Schedule 1, line 8, of your #TaxReturn #taxpreparation #taxseason
🔗 'Certain Medicaid Waiver Payments May Be Excludable From Income' via IRS
https://www.irs.gov/individuals/certain-medicaid-waiver-payments-may-be-excludable-from-income
#medicaid #medicaidwaiver #selfemployment #irs #tax #incometax #taxpreparers #accountants #disability #caregivers #taxreturn #taxpreparation #taxseason