Discover the tax advantages of moving to a Life Care CCRC.
Under current IRS guidelines, the non-refundable portion of your entrance deposit may be submitted as a pre-paid medical expense in the year you occupy your Ventana residence. Also, on an ongoing annual basis, a percentage of your total annual monthly fees paid is also eligible for the same tax benefit.
Tax laws are, of course, constantly evolving and always subject to interpretation, but recent legal precedents have been favorable for CCRC residents who have sought to deduct portions of their deposits and fees. Of course you and your tax preparation professional should consult closely to determine the best strategy.
Want to know more about the Financial Value of living at Ventana?
Weigh the costs. Assess the benefits. Know the facts.
Ventana by Buckner, a Buckner Senior Living community scheduled to welcome residents to North Dallas in 2019, will be a distinctive continuing care retirement community (CCRC) providing a full complement of services, amenities, and health and wellness programs. Serving Greater Dallas/ Fort Worth, Ventana is attracting prospective residents from Carrollton to Richardson, Irving to Plano and from points across the country. To secure your apartment of choice and receive special benefits, call us today.