Is Long-Term Care Insurance Tax Deductible?
Is long-term care insurance tax deductible? In certain situations, long-term care insurance premiums can be tax deductible. As a rule, it gets a little bit complicated, because everyone's situation is a little bit different.
We'd advise you to check with your accountant or tax advisor to get personalized advice.
As a quick highlight, if you're an owner of a corporation or a small business, you do have some additional ways to deduct long-term care insurance premiums.
Other videos you might like:
Get a Free Policy Review
Do you have the best plan with the best rate? Schedule a free policy review, and we'll help you compare all your options.
Review My Policy
Here's what our clients say…
Luke I very much appreciate your hands on approach in dealing with clients. It makes me feel that you have a real concern for those you serve. I look forward to the yearly visits for my medicare updates and renewals. I also feel confident that should some unforseen issue arise where I needed assistance I feel you would have a genuine concern in helping me getting it resolved. Also when my wife reaches 65 you will have another added customer.
L. P., Customer
Meet Our Agents
John Hockaday
Founder
John Hockaday is the Principal of New Horizons Insurance Marketing and the co-Founder of Sams/Hockaday & Associates. John has been business partners with Jeff Sams since 1981.
See Bio
