Tax Deductibles Grow

Federal and many state tax codes are now offering incentives to help motivate individuals to take advantage of tax savings available through the Long Term Care Insurance Protection Plan. Long Term Care premiums are being considered as a medical expense. The age of individuals will determine the maximum deductible amount. For 2013, adults at the age of 40 or under, the deductible limit will be $360. In the case of senior citizens, the deductible limit will grow between $3,640 and $4,550. Deductible limits have notably grown from year to year. More here

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