Federal Tax Facts
What are the tax (deductible premium) implications of long term care insurance for Individuals and Businesses?
Benefit payments from tax qualified long-term care insurance policies are almost always tax-free.
Note: you should seek advice based on your particular circumstances from your tax advisor.
Individuals
Sole Proprietor
Partnership
S Corporation
C Corporation
- Employer Deduction LTC Premiums
- Employee Income LTC Premiums
- Employee Income LTC Benefits
- Shareholder Employees