Sunday, October 21, 2012

IRS ups LTCI premium deductions

In A Boomer’s Guide to Long-term Care I included a section on the deductibility of long-term care premiums.

The IRS limits the amount you can include in the deduction calculation based on your age. And it just increased the amounts for 2013 to:

  • Age 40 and under – $360
  • Age 41 to 50 - $680
  • Age 51 to 60 - $1,360
  • Age 61 to 70 - $3,640
  • Age 71 or over - $4,550
However, your policy must meet special guidelines. For the fully story, plus tips on how to save on your insurance premiums, download your copy of A Boomer’s Guide to Long-term Care today for just $9.95.

Enjoy the rest of your weekend!  

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