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Long-Term Care and Tax Legislation A hot debate is raging regarding the new Johnson-Thurman Bill which allows people who pay 50 percent or more of the cost of a qualified long-term care policy a tax deduction. The bill does not provide tax deductions for non-tax-qualified long-term care policies. Below are links to information about the recent legislation known as the Long-Term Care and Retirement Security Act and a letter which you can forward to your state senator stating your support for equal tax advantages for both qualified and non-tax-qualified plans. Please feel free to contact us if you have additional thoughts on this subject.
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