Archive for January, 2012

January 16, 2012

Do you need a tax break in New York?

Did you know that long term care insurance is tax deductible? People that own long term care insurance policies and pay New York State taxes, will receive a 20% tax credit. On your federal return, if you file a schedule A, you may be eligible to receive a tax deduction.

This will significantly reduce the cost of the policy.

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