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	<title>New answer on: Can I Deduct My Long Term Care Insurance Premiums?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/long-term-care-insurance/can-i-deduct-my-long-term-care-insurance-premiums</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Fri, 23 Aug 2013 21:16:06 +0000</pubDate>

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		<description><![CDATA[If you are self employed, you can deduct 100% of your tax qualified long term care insurance premiums as a medical expense. There are federal tax deductible limits on how much premium can be deducted at each age, ranging from $360/year at under age 40 to $4,55/year at over age 70.

An individual can add LTC premiums with medical expenses, and the amount of that total that exceeds 10% over adjusted gross income is tax deductible. After age 65, the amount that exceeds 7.5% over AGI is deductible.]]></description>

		

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