11/18/2021
When I began my insurance career in 1996, Long Term Care Insurance was my entire focus. Over the years I have transitioned more into the disability and life insurance side but have never ever left my LTC planning roots. In recent months, I have really started to re-focus on the current LTC products available for individual and business clients and I am urging sole proprietors and other business owners to review the tax deductibility of traditional Long Term Care Insurance premiums. Unlike other insurance, companies can provide LTC Insurance for owners without having to provide for all employees. Can you withstand in-home, community, or facility based care at $6000-$10,000/month? Contact me for help…
2022 tax deductible limits for long-term care insurance not increased by IRS. Tax deduction for certain long-term care insurance still high.