Can Long Term Care Insurance Premiums Be Deducted As Self Employed Health Insurance?

  1. 280 POINTS
    Ken Orenstein
    Principal Advisor, Brokerage Consulting, Flemington NJ
    If you own a business and your business form is a C Corporation, if you pay your LTC premiums through your business, 100% of the premium paid will be tax deductible. If you are an S Corp., LLC, Partnership or Sole Owner, a portion of the premium may still be tax deductible to you.
    Answered on November 15, 2014
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