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sponcove2
Asked April 2015
Are payments made by Long Term Health Care Insurance to an agency considered income?
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notrydoyoda
Apr 2015
No they are not. What you do is subtract the amount the LTC insurance paid from how much you paid and the difference is what you can claim as a medical deduction on your taxes according to the formula that the IRS states in its documents.
04/06/2015 15:30:59
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