Can I Deduct Premiums For Long Term Care Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    If you own a Tax Qualified (TQ) Long Term Care Insurance policy, the premiums can be deducted up to a certain limit. The instructions provided with your tax return will show the amount of premiums that can be deducted at each age.
    Answered on July 26, 2013
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