insurance tax deductions News

MANHASSET, N.Y. (SEND2PRESS NEWSWIRE) — Many 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.

KIRKLAND, Wash. (SEND2PRESS NEWSWIRE) — Want to keep more of your money in these challenging times? Then check with your tax advisor if you have long term care insurance. You may be able to deduct a big chunk of your 2009 premiums. What if you don’t have long term care insurance? Then consider getting it NOW to lock in tax benefits next year. Uncle Sam may in effect pick up the tab for much of your premiums for 2010. This reminder comes from LTC Financial Partners LLC (LTCFP), one of the nation’s most experienced long term care insurance agencies.