Missouri

Missouri Long-Term Care Insurance Deduction

Understanding Your Tax Benefits

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Published on 4 months ago
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Missouri Long-Term Care Insurance Deduction

Missouri residents who paid premiums for qualified long-term care insurance in 2025 may be eligible for a deduction on their Missouri income tax return. This deduction is designed to help taxpayers offset the cost of long-term care insurance, which provides coverage for long-term care expenses due to chronic health conditions, physical disabilities, cognitive impairments, or loss of functional capacity.

Eligibility Criteria

  • Must have paid premiums for a qualified long-term care insurance policy.
  • The policy must provide coverage for at least 12 months.
  • Cannot claim a deduction for amounts paid toward death benefits or extended riders.

How to Claim the Deduction

The deduction is claimed on Form MO-1040, Line 16. Taxpayers should complete the worksheet provided in the Missouri instructions (page 8) if they paid premiums for qualified long-term care insurance. The deduction is available only if the policy meets the state’s definition of qualified coverage.

Important Notes

  • Only premiums paid for qualified long-term care insurance are deductible.
  • The deduction is not available for premiums paid toward death benefits or additional riders.
  • Taxpayers must use Form MO-1040 to claim this deduction; it is not available on Form MO-1040A.

Source:
Form MO-1040 Instructions
Form MO-1040A Instructions
Form MO-SHC

Disclaimer: Always verify details with the official Federal or State Department of Revenue Forms and Instructions.

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Key Takeaways

  • Understanding tax deductions can significantly reduce your tax liability
  • Keep detailed records of all tax-related expenses and documents
  • Consult with a tax professional for complex situations

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