Do you include - Long Term Care payments received as a medical reimbursement amount? If the payment was received in 2025 for expenses in 2024

Payments for covered expenses made from a long-term care insurance policy are non-taxable.

• In this case you should not include covered expenses on your 2024 tax return.

 

 

Hi John,  just want to make sure I'm understanding your answer.   I didn't claim any payments received as income.  However, I'm questioning when it comes to medical expenses, do I enter how much I paid for nursing care (ex:  $20K). and the Long Term insurance plan paid out (ex: $7K).  Well in the medical section the  program prompts me different types of conditions and two questions are  how much did you pay nursing care and how much was reimbursed.

 

Thanks.  

You can deduct qualified unreimbursed medical, dental, or vision costs on your federal return, if you itemize your deductions (on Schedule A) instead of taking the Standard Deduction. 

 

If you itemize, you can deduct medical expenses that exceed 7.5% of your adjusted gross income (AGI)

 

The IRS has an extensive list of what you can and can’t deduct.  IRS Pub. 202 Medical and Dental Expenses (beginning on page 5).

 

Enter Medical Expenses:

1. Open your return (if not already open)
2. Enter "medical expenses" or "Schedule A" in the Search box.
3. Click on "jump to medical expenses (or Schedule  A)" link.
4. Enter your information.