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Is Long-Term Care Insurance Tax Deductible?

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.

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