What are the tax advantages of moving to RiverWoods?

 

Pre-Paid Medical Expenses 

A portion of the one-time entrance fee may be included on federal tax return as a prepaid medical expense. A portion of the monthly service fee may also be deducted (typically 30% to 40%).

RiverWoods Durham engages an outside expert each year to calculate the specific amount of the monthly service fees and entrance fees that are deductible as a medical expense on federal tax returns that year. The expert reviews applicable regulations and rulings in compiling their analysis.

New Hampshire’s Tax Advantage¬†

New Hampshire is one of the most attractive states to retire in, due to an appealing tax profile:

  • No general sales tax.
  • No state income tax.
  • No state estate tax.
  • No capital gains tax.
  • Lowest tax burden of any New England state.
  • In the Top 10 of Lowest Tax States in the US. (www.taxfoundation.org)