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Are there any federal income tax benefits for CCRC residents?

April 26, 2017Benefits CCRC federal income tax residents

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Are there any federal income tax benefits for CCRC residents?

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According to the current rules and regulations of the Internal Revenue Service (IRS), a portion of each resident’s Entrance Fee and Monthly Service Fees may be deducted as an itemized medical expense. The Highlands at Wyomissing will inform each resident of the allowable deduction each year.