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.
You can also exchange a life insurance policy for long-term-care insurance tax-free. (Before 2010, when a new law took effect, you had to first cash out your policy and pay taxes on the gains.) And because long-term-care benefits arenât taxable, youâll never pay taxes on your gains, says Kitces.