$19.95 
Learn more
Submitted By: someone
Answered: July 15, 2020 11:22 pm
Answered: July 15, 2020 11:22 pm
My long-term care policy paid expenses to the assisted living facility I live in. Am I taxed on these payments?
No. Payouts from a long-term care policy for long-term care are tax free.
advertisement
Featured Books
Tax Glossary
Roth IRA
A nondeductible contributory IRA that allows for tax-free accumulation of income. Qualifying distributions are completely tax free.
