Description
Attend this presentation to find out how LTC benefits can be tax-free, based on either a set daily amount or
the actual costs incurred. Learn about the tax advantages and HSA eligibility of regular LTC policies,
discover potential deductions for business owners, and get tips on simplified tax reporting, covering linked
benefit policies and rules for policy exchanges.
Learning Objectives
As a result of attending this course the leaners should understand
Rules all LTC benefits have in common, Structure of combo policies for LTC premiums to be tax deductible
Age-based limits for individual tax payors and HSA eligibility, Tax advantages for business owners and employees,
Joint Life policies – how tax advantages work, Section 334 of Secure 2.0, Clarifying Section 1035 exchange rules, IRS
Form 1099-R - who receives it and what it reports, IRS 1099-LTC, and IRS Tax Form 8853: Who needs to file it? And
How easy is it to complete