A bill was recently introduced that would provide a tax credit for long term care insurance premiums. Introduced by Sen. David Vitter (R-LA), the Long-Term Care Family Accessibility Act (S 3365) joins a handful of others seeking tax deductions for the costs associated with long term care. The new bill would provide a tax credit of 50 percent of the cost of annual premiums for such insurance. For a look at the measure or to see similar bills, visit thomas.loc.gov.
From the November 01, 2008 issue of Agent’s Sales Journal • Subscribe!
