Filed Under:Health Insurance, Ltci

AALTCI Publishes LTCI Tax Guides

The American Association for Long-Term Care Insurance (AALTCI) is fighting the winter doldrums with sunshine.

AALTCI, Westlake Village, Calif., has brought long-term care insurance (LTCI) tax secrets into the light by releasing updates of two new LTCI tax guides: "The Guide to Tax-Qualified Long-Term Care Protection" and "The Long-Term Care Insurance Guide for Accountants and CPAs."

The first guide, aimed at individuals and the owners of small and midsize businesses, includes the 2012 deductible limits and points out that an individual might be able to deduct up to $4,370 in LTCI premium costs in the coming year.

The second guide is aimed at tax professionals. It covers topics such as how federal LTCI tax rules apply to individuals, self-employed people, limited liability companies and C corporations.

Tax professionals can order the guide for professionals on their own, and LTCI agents, brokers and consultants can court potential sources of prospect referrals by giving copies to tax professionals who do not already have their own LTCI guides, according to AALTCI Executive Director Jesse Slome.

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