Improving Access to Long-Term Care Insurance Act (H.R. 8820)
Overview:
118th Congress (2023-2025)
Type: Tax Deductions
Key Components: Allow taxpayers to take a deduction for LTC insurance premium amounts without satisfying the requirement that medical expenses exceed 7.5% of AGI. The age-based premium limits currently in effect would not change.
Key Authors:
- Rep. Burlison (R-MO)
House Ways & Means
Improving Access to Long-Term Care Insurance Act (H.R. 8820)
Category:
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