Do You Know About the Nursing Home Assessment Credit?
For those Older New Yorkers and/or their caregivers who private pay for nursing home care in New York State, the 6% state assessment added to the monthly nursing home bill is altogether very well known. What is not common knowledge is that for many of those who pay this monthly assessment, there is the opportunity to recoup this payment through a refundable credit from the New York State.
There are conditions in receiving this credit. To acquire additional information regarding you or a loved one's eligibility, please visit www.tax.ny.gov/pit/credits/nursing_home_assessment_credit.