TAX ALERT: Federal/State Incentives Can Make Long-Term Care Insurance More Attractive
| PR Newswire Association LLC |
For the 2013 tax year, federal tax deduction limits range from
Over the lifetime of many policies, "Cumulative deduction claims can amount to several thousand, even more than
Already have long-term care insurance? Remember to make your claim on this year's return, due
The states are getting into the subsidy act too. Already more than half offer additional incentives for owning LTC insurance. These usually take the form of state tax deductions or rebates. "Check with your local LTC insurance specialist for policy options and any incentives available in your area," says Gott.
LTCFP does not offer tax advice but teams with accountants and other tax experts to help their clients get all the deductions or other benefits available to them.
The following LTC specialists are available to help, providing information on incentives that may be available for individuals and business owners in specific locations:
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NY: Ronald Brie -- 212-799-3900
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VA: Patricia O'
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Assistance is also available from additional specialists at http://www.ltcfp.com.
LTCFP is a co-founder and sponsor of the "3 in 4 Need More" campaign, which seeks to alert Americans to the long-term healthcare crisis, and to multiply the number protected by long-term care planning.
*(PHOTO 72dpi: Send2Press.com/mediaboom/13-0313-denise-gott_72dpi.jpg)
*(Photo Caption: LTCFP National Sales Manager
This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com
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