Section Introduction
The LTC Income Calculation Worksheet lists each of the deductions allowed in the LTC income calculation. These deductions are subtracted in the specific order listed.
This section introduces you to each of the deductions used in the LTC income calculation in the order they are used.
Refer to the LTC Income Calculation (PDF) handouts while reading this section. We looked at the gross income information found at the top of this handout in the previous section. As with income, the deductions allowed in an LTC income calculation must accurately reflect the actual deduction allowed for a month. The LTC income calculation must be changed, even retroactively, to reflect the actual deduction allowed in a month. These changes in deductions must be verified at the time they are reported.
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LTC Income Calculation - Deductions and Allowances