Is My Long Term Care Insurance Tax Deductible?

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   Peggy Mace

   Most of the U.S.

   If you have a qualified long term care Insurance plan, your long term care insurance is tax deductible. There is a limit on the dollar amount of premiums that are considered tax qualified, per Internal Revenue Code 213(d). For 2013, there limits range from $360/year (under age 40) to $4,550 (over age 70).

   Answered on July 20, 2013

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