A little-known tax rule can help offset the cost of some retirement communities.

If you, your parent, or an elderly loved one is reaching the point where living alone is no longer an option – for medical reasons or otherwise –  it may be time to consider some time of assisted living, whether nursing home or retirement community Increasingly, many families are looking at the “Continuing Care Retirement Community” or CCRC option. Even though the CCRC may be the pricier option, a little-known tax strategy recently explained in Smart Money could make it more financially attractive.. What is a CCRC? As SmartMoney explains: As opposed to a traditional nursing home where you simply…

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