How long term care insurance deducted from your tax?

Sun 6 Nov, 2011 05:20 am
My friend said there's a tax deduction in long term care insurance policies, but he didnt explain how..Would like to know how it happens
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Sun 6 Nov, 2011 05:30 am
You would take it when you file your yearly taxes, if you itemize.
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Thu 9 Feb, 2012 07:30 am
Insurance policy provides you tax benefit when you file tax returns. You can show the insurance document as investment proof. Thus you can save your tax.
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Mon 30 May, 2016 05:18 am
The premiums paid for long term investment policies are tax excepted when they exceed a certain percentage of the insured's adjusted gross income.
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