Northcrest Community

Are there any tax advantages associated with the entrance fees?

The portion that is designated as a contribution to the Northcrest Charitable Assistance Fund is totally tax-deductible as a gift to a not-for-profit corporation.  

 

The IRS considers the portion designated Health Center Support as a prepaid medical expense and may be deductible to the extent that it exceeds 7.5% of the taxpayer's adjusted gross income.  Consult your tax advisor.

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