Continuing care retirement community fees
Varies
Can You Write Off Continuing Care Retirement Community Fees?
Short answer: Partly: the share of entrance and monthly fees the community says goes to medical care is deductible.
Ask the facility for the yearly medical percentage. Medical costs are an itemized deduction only for the amount above 7.5% of your AGI, and only if your itemized total beats the standard deduction ($16,100 single / $32,200 joint for 2026).
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
Continuing care retirement community fees
Varies
Individuals / Personal Taxes
Partly: the share of entrance and monthly fees the community says goes to medical care is deductible.
Business justification
Partly: the share of entrance and monthly fees the community says goes to medical care is deductible. Ask the facility for the yearly medical percentage. Medical costs are an itemized deduction only for the amount above 7.5% of your AGI, and only if your itemized total beats the standard deduction ($16,100 single / $32,200 joint for 2026).
Category
- Personal Tax Deductions