Springfield, MO

Log in Subscribe

Missouri Senate backs tax break for long-term care savings

Posted online

The Missouri Senate last week approved legislation that would provide a tax break for long-term care savings.

Through the legislation, individuals could deduct up to $4,000 annually and married couples could deduct up to $8,000 per year from their state income taxes.

The money would be placed in tax-free accounts to be used for long-term care expenses of the chronically ill.

Read more from The Associated Press.


No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Evoke Health and Wellness

Medical clinic Evoke Health and Wellness LLC opened; The Phoenix Diner Bar and Grille got its start; and Enterprise Self Storage LLC began operations.

Most Read Poll
Do you play pickleball?


View results

Update cookies preferences