Nothing has changed from last year. The remaining taxable income after itemizing is just under $2000 resulting in a tax due of $196. AGI is approximately $53,000. The personal exemption was what zeroed out the remaining taxable income after deducting the applied income payments, which ecceed $4000 per month, to the nursing home that exceed 7.5% of the AGI. This must have affected other people. We are attempting to have the tax reimbursed from the state in the form of a reduced applied income payment. There is always CT state income tax due, but CT has a form to address the Medicaid status and inability to pay. The CPA has researched this and has not found any way to avoid paying the tax due on the federal side.
