by mikenakowicz | Mar 3, 2012 | Tax
Income tax update: I reported recently that RI has eliminated itemized deductions in favor of a standard deduction which directly impacts nursing home residents by disallowing the deduction for nursing home cost. To add insult to this issue, Rhode Island has also set...
by mikenakowicz | Feb 16, 2012 | Tax
http://www.youtube.com/watch?v=KtNgIVXzUAc Tax Tips: Medical and Dental Expenses (by irsvideos) (Source: http://www.youtube.com/)
by mikenakowicz | Feb 15, 2012 | Tax
In tax year 2011 RI has eliminated the itemized deduction allowing a standard deduction of $7,500 for a single individual. The good news is that taxpayers can still itemize nursing home cost on their federal return, but this cost cannot be carried over to the RI state...
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