As we get closer to the tax deadline, there are a number of tax breaks you may be eligible for with a long term care insurance policy.
Portland, Oregon (PRWEB) April 01, 2016
Nathan Sanow, Executive Director and co-founder of LTC Consumer (https://www.ltcconsumer.com), wants to remind consumers that the 2016 edition of the company’s LTC Tax Breaks & Incentives Guide for Long Term Care Insurance is available online.
Anyone who has purchased long term care insurance (LTCI) and is rushing to get their taxes finished up should refer to the 2015 guide as it provides details on the tax benefits of LTCI. Both the 2015 and 2016 Tax Guides include federal eligible premium guidelines for individuals (based on age), credit versus deduction details by state, partnership policies for inflation protection, and more information.
“As we get closer to the tax deadline, there are a number of tax breaks you may be eligible for with a long term care insurance policy,” notes Sanow. “Some states provide tax credits for long term care insurance. It’s a good idea to know what applies where you live so you can maximize your tax savings.”
Consumers can access LTC Consumer’s 2015 and 2016 LTCI Tax Guides as well as other free guides under the Resources area at LTCconsumer.com. (https://www.ltcconsumer.com)
LTC Consumer is an independent, free online service for information on long term care insurance, whose website offers education on what long term care insurance is, when to buy it, and how much it costs – all without having to speak to a commissioned sales agent. Users can choose to be put into contact with a professionally licensed LTC Consumer specialist who can answer questions, help them with the process of evaluating specific policy features and carriers, and assist them in completing an application.