Missouri Long-Term Care Insurance Deduction
Missouri Long-Term Care Insurance Deduction
If you paid premiums for qualified long-term care insurance in 2021, you may be eligible for a deduction on your Missouri income tax return. Qualified long-term care insurance is defined as insurance coverage for at least 12 months for long-term care expenses should such care become necessary because of a chronic health condition or physical disability, including cognitive impairment or the loss of functional capacity, thus rendering an individual unable to care for themselves without the help of another person.
Complete the worksheet in the right hand column only if you paid premiums for a qualified long-term care insurance policy; and the policy is for at least 12 months coverage.
Note: You cannot claim a deduction for amounts paid toward death benefits or extended riders.
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