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United States · Bill · HR

H.R. 4929 (100th)

Long-Term Care Incentives Act of 1988

referredUnited States· United States Congress· EN

Introduced

28 June 1988

Last action

Status

Referred to House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

28 August 2025

Summary

Long-Term Care Incentives Act of 1988 - Amends the Internal Revenue Code to permit a tax deduction of: (1) $10,000 to any taxpayer who maintains a household in which a chronically ill Medicare-eligible family member resides; and (2) 50 percent of premiums paid for qualified long-term care insurance covering at least 12 months of necessary diagnostic, preventive, therapeutic, rehabilitative, or personal care services that are provided in a setting other than an acute care unit of a hospital.

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Documents

1 official file

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Sources

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