$26.95 
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
Imputed interest
Interest deemed earned on seller-financed sales or low-interest loans, where the parties’ stated interest rate is below the applicable IRS federal rate.
