S 2415 · 117th Congress

Long-Term Care Affordability Act

<p><b>Long-Term Care Affordability Act</b></p> <p>This bill allows the use of tax-exempt retirement plan distributions to pay for long-term health care insurance. Specifically, it excludes such distributions from the gross income of an insured individual up to $2,500 for per individual in a taxable year.</p> It als…

Sponsor

Toomey, Patrick (R-PA)

Introduced

2021-07-21

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.