Monthly Archives: January 2012

2012 Long Term Care Insurance Tax Deductibility Limits

Age 40 or less $350 Ages 41-50 $660 Ages 51-60 $1310 Ages 61-70 $3500 Ages over 70 $4370 *┬ámay be claimed as medical expense if combined medical expenses exceed 7.5% of AGI and deductions are itemized. Some states also offer … Continue reading

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2012 Partnership Requirements NY, CT, IN, CA

NY – The minimum daily benefit for nursing home care is $253 and $127 for home/community services. CT –┬áThe minimum daily benefit for nursing home care is $213 and $106.50 for home/community services. Minimum monthly benefit $6,603 IN – NHDB … Continue reading

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