How To Deduct Long Term Care Insurance From Taxes?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Very generally speaking, if you are an individual who is paying your own long term care premiums, you would add the premiums to your other medical expenses for that year, and itemize those medical expenses as you would normally do. If you are self employed, you are allowed to deduct 100% of your long term care premiums as a business expense. There are many additions and variations of this, but this is how to deduct long term care insurance in two situations.
    Answered on September 13, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>