$110.00 
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
Section 179 deduction (or First-year expensing)
A deduction allowed for investments in depreciable business equipment in the year the property is placed in service.
