What line of work are you in? ivermectin for horses used on humans On an ongoing basis, tax deductions for the monthly fees would work the same way. If the fees totaled $42,000 in a tax year (12 times the monthly fee of $3,500), $16,397 of that amount (39.04 percent of $42,000) would be a deductible medical expense. If the couple had no other medical expenses, the net value of the deduction would be $8,897 ($16,397 minus $7,500). That would be worth $1,779 in tax savings for someone in the 20 percent income-tax bracket. In practice, most people have additional medical expenses, so the CCRC tax benefit would yield larger tax savings.
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