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Valentino is a patient in a nursing home for 45 days of 2023. While in the nursing home, he incurs total costs of $13,500. Medicare
Valentino is a patient in a nursing home for 45 days of 2023. While in the nursing home, he incurs total costs of $13,500. Medicare pays $8,000 of the costs. Valentino receives $15,000 from his long-term care insurance policy, which pays while he is in the facility. Assume that the Federal daily excludible amount for Valentino is $420. of the $15,000, what amount may valentino exclude from his gross income? - x
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