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 premium paid for the coverage of the. individual, spouse and dependents may be deducted. to the extent that total medical expenses, including. the eligible long term care premium, exceeds 10% 1. of adjusted gross income (AGI). Benefits paid on a qualified LTCi policy to an. individual are not taxable income as long as benefit. payments above $360 per day do not exceed the. actual cost of care. 1 7.5% of AGI for tax years ending before January 1, 2017. if the taxpayer or the taxpayerâs spouse has attained age.