When people think of long-term care insurance, a favorable tax deduction is the last they think of.
Why? Well, traditional long-term care insurance has had a bad rap these days. It seems like everyone knows premiums have increased through the roof. (FYI – they have stabilized, though.)
Moreover, people don’t like the “use-it-or-lose-it” stigma associated with traditional long-term care insurance. We understand. As we have discussed, however, you will probably need some type of long-term care in your future.
Did you know that traditional long-term care insurance offers a really nice tax deduction as well as other awesome tax benefits?
Continue reading Long-Term Care Insurance Tax Deduction | How It Helps & Other Tax Advantages