TAX TIP: Get Long-Term Care Insurance NOW to Qualify for Deduction Next Year
KIRKLAND, Wash., Jan. 26, 2012 (SEND2PRESS NEWSWIRE) — Long-term care insurance is subsidized, in effect, by Uncle Sam. ‘For many people, a large part of their premium cost is deductible on their federal tax return,’ says Denise Gott, National Sales Manager and Chairman of the Board of LTC Financial Partners, LLC (LTCFP). ‘That doesn’t make coverage free, but it makes it more affordable for millions.’ LTCFP is one of the nation’s largest and most experienced agencies specializing in long-term care insurance.