MO - Long-Term Care Income Tax Deduction (2007)

Bill would raise the income tax deduction from 50% of an annual premium to 100% of the premium on long-term care (LTC) insurance. The bill also states that the amount the LTC policy pays out for a person's care should be deducted when calculating that individual's total assets in determining his or her eligibility for Medicaid.

State Missouri

Bill Number H.B.40

Date of Introduction 1/3/2007

Latest Activity Bill did not pass in the Legislative session.

More Info http://www.moga.mo.gov/

Topic: Caregiver Tax Incentives