TAX TIP: Get Long-Term Care Insurance NOW to Qualify for Deduction Next Year
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If you don't have LTC insurance, the time to get it is now, when the tax advantage is fresh in your mind, Gott advises, "Then remember to make your claim at tax time next year, and remember to do that again and again, year after year for as long as you pay premiums."
Deduction limits for the 2011 tax year range from
Many states offer additional incentives for owning long-term care insurance. These usually take the form of state tax deductions or rebates. "LTC protection becomes even more of bargain with this nice double dip," 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 specialists are available to help, providing information on federal and state tax incentives that may be available for specific individuals in specific locations:
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NY: Ronald Brie -- 212-799-3900
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Assistance is also available from hundreds of additional specialists, who may be located by state 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/11-1019-denisegott_72dpi.jpg)
*(Photo Caption: LTC Financial Partners National Sales Manager and Chairman of the Board Denise Gott.)
*(LOGO 72dpi: Send2Press.com/mediaboom/11-1108-3in4need_LG.jpg)
*(Logo Caption: Logo of the 3 in 4 Need More campaign)
* RSS newsfeed for LTCFP:
http://send2pressnewswire.com/author/ltc-financial-partners-llc/feed
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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