The IRS released Internal Revenue Bulletin 2026-24 on June 8, 2026, containing Notice 2026-33, which provides guidance on qualified long-term care distributions under section 334 of the SECURE 2.0 Act of 2022. The provision applies to distributions made after December 29, 2025.
The most significant development for information return filers is the introduction of Form 1099-LPS, Long-Term Care Premiums Paid Statement, created under new IRC section 6050Z. Issuers of certified long-term care insurance filing a premium statement with a defined contribution plan must file Form 1099-LPS with the IRS and furnish Copy B to the covered individual. Separately, qualified long-term care distributions must be reported on Form 1099-R. The 2026 annual cap on these distributions is $2,600.
The notice also establishes an issuer disclosure framework and extends the deadline for most defined contribution plans to adopt plan amendments permitting these distributions to December 31, 2027. The bulletin additionally contains the routine monthly applicable federal rates for June 2026, with no associated filing requirement changes.
To view IRS Internal Revenue Bulletin 2026-24, click here.
