Improving Access to Long-Term Care Insurance Act

This bill modifies tax rules to make long-term care insurance more affordable for taxpayers. It allows individuals to deduct long-term care insurance premiums without needing to meet the usual 7.5% adjusted gross income threshold for medical expenses, and it creates a new stand-alone deduction available even if taxpayers don't itemize their deductions. To offset the revenue loss from these changes, the bill reduces certain other tax credits (like those for energy efficiency or housing) by a calculated percentage. It directly affects taxpayers who pay for qualifying long-term care insurance policies, making those premiums more deductible under federal tax rules.