Is Long Term Care Insurance Deductible For Federal Taxes?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Tax qualified Long Term Care policies are considered a medical expense and the premiums are treated the same as other medical bills, in regard to federal tax deductions. If Long Term Care policy holder is self employed, 100% of the premium is tax deductible, up to the premium limits set for by the IRS for each age of policy holder.
    Answered on August 31, 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 >>