Nearly nine million Americans deducted medical and dental expenses which can now include long-term care insurance premium costs according to a report released by the American Association for Long-Term Care Insurance.
IRS and Taxes
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An AP poll suggests most Americans favor government run Long-Term Care services despite other options and the potential impact on taxpayers.
Individuals and businesses can take advantage of special tax treatment of Long Term Care Insurance policies. This makes it even more affordable to safeguard future retirement income & assets from high costs of extended care.