November 1st, 2013
November 1, 2013. The American Association for Long Term Care Insurance announced today release of increased deductibility levels for long-term care insurance policies purchased in 2014.
“For taxable years beginning in 2014, the limitations have been increased again,” explains Jesse Slome, executive director of the American Association for Long Term Care Insurance(AALTCI), the industry’s trade association. “Tax advantaged long-term care insurance remains one of the few remaining significant tax-savings benefits especially meaningful for small business owners.”