Tag Archives: Is Long-Term Care Insurance Tax Deductible?

Is Long-Term Care Insurance Tax Deductible?

The short answer is that it depends. Technically, yes, premiums paid into a qualified traditional stand-alone long-term care insurance policy are deemed tax-deductible. However, that can depend on several factors. The premium payments for Long-Term Care Insurance are tax-deductible to the extent that they, along with any other unreimbursed medical expenses, exceed a certain percentage of the […]