It’s no fun to think about getting sick and needing long-term care insurance. So here’s a happier thought…
If you’re in business, you can probably claim a huge tax deduction for long-term care insurance. In fact, you might be able to claim a 100% deduction. And if you’re married, the 100% deduction can include your spouse!
With the cost of long-term care skyrocketing, now’s the perfect time to read my new article titled Tax Tips: Better Deductions for Long-Term Care Insurance Costs.
Three ways our fact-filled article can help you:
- We’ll explain the three paths to a long-term care insurance deduction. They are: 1. The itemized deduction. 2. The self-employed health insurance deduction. 3. The business deduction as a tax-deductible fringe benefit. You’ll get the full story when you read the full article.
- We’ll tell you what to do if you’re not married. If you don’t have a spouse, or you’re not in a position to hire your spouse as your bona fide employee, you’ve got another great option. We’ll tell you what it is when you read the full article.
- We’ll explain why you won’t have to worry about federal income tax discrimination rules. You see, from a tax standpoint, you can design the plan to benefit as many (or as few) employees as you want. And you won’t have to worry about triggering any ERISA discrimination rules. You’ll get all the good news when you read the full article.