For taxable year beginning in 2018, the limitations regarding eligible long term care premiums includible in the term ‘medical care”, are as follows:
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This is quite a lot more to the possible tax deductions for long term care insurance. Business’ have a wide range of choices. LTCI is one of the few perks available for a business owner and corporate executives. Give me a call to discuss how you can protect your income in retirement, and possibly lower your personal taxes during your working years.