Long-Term Care Insurance Premium Deductibility Limits for 2019
Premiums for “qualified” long-term care insurance policies (explained in further detail below) are tax-deductible to the extent that they, along with other unreimbursed medical expenses (including Medicare premiums), exceed 7.5 percent* of the insured’s adjusted gross income. What are the limits to this and what constitutes a “qualified” policy? Keep reading to find out more. […]
