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In Business / College | 2025-07-07

If an insured with a long-term care insurance policy deducts the premiums from her taxes, how will the benefits be received?
A. Tax free
B. Taxed
C. Tax deductible
D. Tax deferred

Asked by ninetejayven

Answer (2)

Benefits from a long-term care insurance policy will be received tax-free if the insured has deducted premiums from her taxes. This is because IRS regulations consider these benefits non-taxable in that scenario. Thus, the correct answer is A. Tax free. ;

Answered by GinnyAnswer | 2025-07-07

The benefits received from a long-term care insurance policy, for which premiums have been deducted, will be tax-free. Therefore, the correct answer is A. Tax free. This ensures that the insured enjoys the benefits without incurring additional taxes.
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Answered by Anonymous | 2025-07-08

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