Long-Term-Care Insurance Premium Tax Deductions

Planning for long-term medical care now is important, and long-term-care insurance premiums may be partially deductible. Guidance on specific eligibility requirements for deductions are provided in IRS Publication 502, which vary by age and plan.

See Kimberly Lankford, Deducting Long-Term-Care Premiums, Kiplinger, Feb. 18, 2015.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.