NASD Online Calendar. The Norristown Are School District will be moving to an online calendar for the 2016-17 School Year. Hard copies will be made available in the school buildings.
1 Premiums paid on a long-term care insurance product may be eligible for an income tax deduction. 2  The amount of the deduction depends on the age of the covered person. 3  Benefits paid from a long-term care contract are generally excluded from income. 4  Business deductions of premiums are determined by the type of business.
The amount of the credit equals 10 percent of the total amount of premiums paid each year by each individual claiming the tax credit and the policy must meet the specific qualification requirements. Deduction The Superintendent of the State must certify the policy you purchase as a qualifying long term care policy. Then you are pemitted a deduction as long as the amount subtracted is reduced by the amount claimed as a deduction for federal income tax purposes. Sounds more complicated than it really is.