Submitted By: someone
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.

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Tax Glossary

Miscellaneous itemized deductions

Generally, itemized deductions for job and investment expenses subject to a 2% of adjusted gross income floor.

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