TAX DEDUCTIBLE FEATURES OF QUALIFIED LTCi PREMIUMS
Don’t forget that HIPAA provides for the tax deduction of premiums paid for Tax Qualified Long Term Care (LTC) insurance by businesses and individuals– provided certain eligibility requirements are met.
There are several types of business’s which qualify for tax deductible features:
- Regular C-Corporation
- Sub-S Corporation
- Partnerships And Limited Liability Corporations (LLC)
- Self Employed
Also check out how clients can also use their HSA Account and even qualify for the Gift Tax Exclusion.