Is Long Term Care Insurance Premium Deductible?

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   Peggy Mace

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   Your long term care insurance premium is deductible if you have a qualified (TQ) long term care insurance policy. That is because the US government now recognizes LTC premiums as a medical expense. If you have a non-qualified long term care insurance policy, the premium is not tax deductible.

   Answered on July 21, 2013

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