Can Long Term Care Insurance Be Deducted From Taxes?

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    Peggy Mace
    Most of the U.S.
    In qualified long term care plans, long term care insurance can be deducted from taxes. The premiums that can be deducted are outlined in the instructions provided with your tax return. Qualified life insurance plans require inability to do two or more ADL's or cognitive impairment with expectation of the need for care lasting over 90 days in order to receive benefits.
    Answered on July 20, 2013
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