Tax Reminder: Double Incentives For Long-Term Care Insurance In Many States
February 28, 2010 – 9:21 amMany Americans with long-term care insurance are learning Uncle Sam may give them a hefty deduction for their premiums; but many fail to realize their state may grant an additional deduction or credit. “If you can double your money, so to speak, why not do it,” says Gene Cutler, Manhasset, New York-based agent for LTC Financial Partners LLC (LTCFP), one of the nation’s most experienced long-term care insurance agencies. “More and more states are coming to the same conclusion as the federal government…
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