There are many financial implications to consider before moving to a Life Plan Community. Becoming a resident at Hunt Community may present worthwhile tax and financial advantages.
Pre-Paid Medical Expenses
A portion of the one-time entrance fee may be included on a federal tax return as a prepaid medical expense. A portion of the monthly service fee may also be deducted.
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.
- Pensions are not taxed.
- Lowest tax burden of any New England state.
- In the Top 10 of Lowest Tax States in the US. (www.taxfoundation.org)
