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Level 1
October 22, 2025
Question

CCRC Entrance Fees?

  • October 22, 2025
  • 1 reply
  • 41 views

I paid $350,000 as an entrance fee into a LifeCare Community (CCRC).  Is that entrance fee tax deductable?

1 reply

Level 6
October 22, 2025

Only the non-refundable portion of Community Care Retirement Community (CCRC) entrance fees designated as medical expenses would be eligible to be considered as a qualified medical expense on your federal income tax return, if you itemize. Remember that, if you do itemize, any amount under the 7.5% of AGI threshold does not count.

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