It is long-term care insurance tax deduction applied to individuals, entrepreneurs and self-employed, provided that the policy is a qualified IRS tax.
What policies are qualified?
To be considered the policy “qualified” from January 1, published in 1997 must meet certain requirements, among them are inflation and protect the vested options to accept or reject the insured has the right of these options. Policies purchasedfirst 7 January 1997 only to be “qualified” as soon as you are approved for treatment with the Commissioner.
Tax-qualified LTCI tax policy is effective for the treatment of premiums paid, out-of-taxes and pensions.
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