For a comprehensive guide to 2024 tax information, please download the content. https://www.fahmyassoc.com/wp-content/uploads/2024/01/2024-Tax-Facts-at-a-Glance-1-2.pdf

Every year, the Internal Revenue Service (IRS) announces tax-deduction schedules for long-term care insurance.  It’s no secret that long-term care services and support for the aging are expensive and the stress placed on loved ones is high. Due to the potential inevitability of this happening, individuals in their 5 [...]

                Keep in mind the following rules when it comes to medical expenses which can include any long term care premiums you have paid in 2017. Premiums that you pay for long term care insurance are tax deductible if they along with other unre [...]