Providing Assistance to Aging Parents/Grandparents

Key Points

• Parents/grandparents are aged above 65 years.
• They possess minimal or no personal income.
• Consistent payments are issued.
• Completion and authentication of maintenance declarations are mandated by relevant authorities in the respective country (e.g., notarization in home country), individually for each.
• Bank transfers are recommended, with bank account statements essential for verifying disbursed amounts.
• The deductible amount for tax purposes fluctuates depending on the supported person’s country of residence (e.g., 2,727 euros per year per supported individual for India).