New 2019 Tax Deductible Limits for LTCi Just Announced
Increased tax deductible limits that can provide significant tax savings for owners of traditional long-term care insurance policies were revealed yesterday by the American Association for Long-Term Care Insurance.
The following are the just announced 2019 limits:
Attained Age Before Close of Taxable Year 2019 Limit
40 or less $420
More than 40 but not more than 50 $790
More than 50 but not more than 60 $1,580
More than 60 but not more than 70 $4,220
More than 70 $5,270
Click here for the entire announcement. (PR.com)
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