Mike Nakowicz

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RI Increases Tax for Nursing Home Residents

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 return. Only a $7,500 standard deduction can be [...]

By |February 15th, 2012|Tax|0 Comments