qualified long-term care distribution
Defined in 1 place of the United States Code.
The term “qualified long-term care distribution” means so much of the distributions made during the taxable year as does not exceed, in the aggregate, the least of the following:
(I) The amount paid by or assessed to the employee during the taxable year for or with respect to certified long-term care insurance for the employee or the employee’s spouse (or other family member of the employee as provided by the Secretary by regulation).
(II) An amount equal to 10 percent of the present value of the nonforfeitable accrued benefit of the employee under the plan.
(III) $2,500.
Source
- 2025–present26 U.S.C. § 401Internal Revenue Code · Qualified pension, profit-sharing, and stock bonus plans · under this section