Self-Employment Tax Deductions for Long Term Care Insurance by Les Robinson CLTC

Thinking of getting long-term care insurance? Or already have a policy? "Remember, some of the expense may be deductible," says Les Robinson "You may qualify for a federal tax deduction of hundreds to thousands of dollars per year."
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AMHERST, N.Y. - Jan. 3, 2020 - PRLog -- For those who qualify, deductions can be sizeable, and they recur year after year.

Insurance Premiums

Business insurance premiums for liability, malpractice or other professional needs can all be deducted. What's more, deductions for some personal polices are allowed as well. Health, vision and dental insurance premiums can all be deducted by those who are self-employed.

"That is a huge deduction for you," Les Robinson CLTC says. Long-term care insurance premiums are another deductible insurance expense, and one that is commonly overlooked by self-employed workers, according to Les Robinson CLTC.  Remember to check with your CPA on all tax deductions

"During tax season," says Robinson, "we're glad to talk with consumers and financial advisors about policy costs and tax adjustments. We do not give tax advice, but can help explain the tax incentives. For tax advice, people need to consult their tax professional."

The long-term care solutions recommended by Robinson include traditional long-term care insurance, life insurance or annuities with long-term care riders, critical illness insurance, and other options ranging from health savings accounts to Medicare supplement plans.

Information is available from Les Robinson at les@lesltc.com or www.lesltc.com  or 1-800-875-0140.

Les Robinson is a leading long-term care solutions agent in IL*,OH*,NY*,TX*,VA*,MI*,WA*,SC*,AK*,PA,NJ,FL,AZ,MD

serving consumers as well as organizations. "We're glad to help them find the best, most affordable solution for their situation," Robinson says.

Start planning for your future today by requesting free, no-obligation long term care insurance quotes from the top insurance carriers in your area today.

Call Les on Long Term Care Insurance 1-800-875-0140 or get a quote at www.lesltc.com (http://www.lesltc.com/)

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