Monthly Archives January 2017

2017 Tax Deductions of Long-Term Care Insurance Premiums

We have reached that time of year where people start to organize all their tax records and prepare their tax returns. The new 2017 Tax Deductions of Long-Term Care insurance premiums have been released, don’t forget to deduct your Long-term Care insurance (LTCi) premiums you have paid each year.  Yes, that is right! Premiums for “ tax-qualified” long-term care insurance policies are tax deductible. Visit the Internal Revenue Service Publication to determine what qualifies or consult a tax professional for more details on the qualifications. Here are three types of deductions you can qualify for: Individual deduction For individuals, the
Read More