Long Term Care Insurance: Is there a Tax Deduction?

One of the most often heard questions we get around here from astute shoppers is if there is some tax advantage to owning a long term care insurance solution.  This is not a clean “yes” or “no” answer, I’m afraid.  It comes down squarely in the “maybe” column….  Here is a simple decision tree to help you know if there might be a tax deduction for owning a long term care insurance policy and where to look to get more information. Please note that we are not tax professionals here —  we always recommend you confirm with a competent tax advisor.

Long Term Care Insurance: Tax Deduction Chart

 

LINKS ABOUT BUYING LONG TERM CARE INSURANCE

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