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A Guide to Deducting Long-term Care Insurance!

August 29, 2024

“A Guide to Deducting
Long-term Care Insurance!”

To get my complete article
with all the details…

I hope you’re in good health when you read my new article, but remember, you never know when you may face a chronic illness or disability.

This begs the question, how will you pay the skyrocketing cost of long-term care insurance?

          Medicare isn’t much of a help

          Medicare offers even less.

So, what should you do to prepare for the worst?

A great answer to this vitally important question is to buy long-term care insurance from the private sector.

I know. These premiums are high, but you’ll be glad you have the insurance if you ever need it.

The good news. Uncle Sam can help subsidize
the cost of your insurance depending on how you
structure your business.

In my new issue of the Tax Reduction Letter, I’ll show you how your subsidy comes in the form of hefty tax deductions.

IMPORTANT: There is too little space to cover a complicated subject here.

But here’s some important information I’ll cover in my new article:

          Sole proprietorships, or LLCs taxed as a sole proprietorship

          C corporations

          S corporations

          Partnerships

          Three tax-deduction scenarios to consider

          The tax-code limited amounts

          Qualified insurance only

If you want to find out how the IRS can help bail you out of a tough situation by lightening your tax bill …

CLICK HERE to read my completely new article titled:

“A Guide to Deducting
Long-term Care Insurance!”

Filed Under: Choice of entity, Employees, Fringe Benefits, Insurance, Medical (for 105 plans see Section 105 medical plan), Section 105 medical plan, Spouse, Tax Planning

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