Is Long Term Care Insurance A Tax Deduction?

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September 20, 2013

Peggy Mace

Tax Qualified (TQ) Long Term Care Insurance premiums are a tax deduction as a medical expense, as established when HIPAA came into effect. Older LTCI policies in effect at that time were grandfathered in, and policies bought since then must be TQ policies to qualify for the tax deduction.

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