The IRS allows qualified Long-Term Care insurance premiums to be deducted with some limits. Those limits for 2009 have been established in this article which has a good explanation of what those limitations are as well as what qualifies as a tax deductible policy.
As in all tax matters it is best to consult with your tax professional for advice on how much Long-Term Care insurance premiums can be deducted in your individual situation.
Simplify Your Long-Term Care Financing and Planning with a Long-Term Care Specialist!
A qualified Long-Term Care Specialist can help you determine the best policy for you.
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