Affordability

Tax Advantage

A portion of the costs associated with Assisted Living Fees may be tax deductible to either the Resident or a family member if the Resident qualifies as a dependent.

The Kennedy Kassebaum Act of 1996 advises that the cost of maintenance or personal care services required by an individual may be tax deductible if the individual is unable to perform at least two activities of daily living without assistance. Typically activities of daily living include bathing, dressing, preparing and eating meals, etc. Additionally, Residents who suffer from severe cognitive impairment and require supervision to protect themselves and/or others from threats to health and safety may qualify.

In order to be tax deductible, the services provided must be part of a comprehensive plan of care prescribed by a licensed health care practitioner.

All Residents of Kensington Court are evaluated by a licensed Registered Nurse on a regular basis to determine if a plan of care is indicated.

Your tax accountant or financial advisor should be of assistance in this matter.