Many people are aware that planning in advance for the costs and burdens of aging should be part of your overall retirement plan. Some are unaware of tax incentives of LTC insurance.
IRS and Taxes
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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.
An AP poll suggests most Americans favor government run Long-Term Care services despite other options and the potential impact on taxpayers.