top of page
  • Writer's pictureSKA

Tax Deductions for Long-Term Care Premiums

Updated: May 8, 2023

The government does not want to have to pay your Long-Term Care expenses when you get old. If you're thinking about Long-Term Care insurance, then make sure you know about the possible tax deductions available to you. This blog breaks down the numbers you need to be aware of.

Few people realize the true scope of tax incentives the government provides to its citizens. There are various reasons for this, but in the case of long-term care, the answer is simple. The government would prefer that you are able to take care of yourself should you need long-term care. A much costlier scenario for the government would be if they had to take care of you. Let’s look at the tax deductions available for long-term care. Note that the amount of deduction available is dependent on your current age.

According to the IRS, the current deductions available are as follows:

Want to read more?

Subscribe to to keep reading this exclusive post.

Recent Posts

See All


Kommentare konnten nicht geladen werden
Es gab ein technisches Problem. Verbinde dich erneut oder aktualisiere die Seite.
bottom of page