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Should long term care ins that pays $100 per day be deducted from nursing home room & board expenses when calculating the medical deduction?

 
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DDollar
Expert Alumni

Should long term care ins that pays $100 per day be deducted from nursing home room & board expenses when calculating the medical deduction?

Yes, the amounts you receive from a long term care policy (which is non-taxable) can not be deducted as a medical expense.  It should be deducted from room & board expenses when calculating your medical expense deduction.

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1 Reply
DDollar
Expert Alumni

Should long term care ins that pays $100 per day be deducted from nursing home room & board expenses when calculating the medical deduction?

Yes, the amounts you receive from a long term care policy (which is non-taxable) can not be deducted as a medical expense.  It should be deducted from room & board expenses when calculating your medical expense deduction.

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