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Taxpayers warned not to overlook LTC premiums

It's that time of year again, and experts are reminding individuals with a qualified long term care insurance policy they may be able to deduct up to $3,980 for the 2009 tax year. Even more for couples.

By Jenny Ivy | Updated on February 08, 2010

It’s that time of year again, and experts are reminding individuals with a qualified long term care insurance policy they may be able to deduct up to $3,980 for the 2009 tax year. Even more for couples.

“For a couple, the maximum amount doubles, to nearly $8,000,” says Cameron Truesdell, CEO of LTC Financial Partners.

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