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Itemized Deductions Schedule-A


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Old 04-01-2007, 12:44 AM
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Don't forget to deduct your Long Term Care Premiums!

Premiums paid for your long term care insurance are deductible on your individual tax returns, and includable on Schedule A under the health insurance category but subject to 7.5% Adjusted gross income limitation.

For the average taxpayer, this deduction could result in additional tax writeoffs on your schedule A, and accordingly, you may be able to save additional tax.

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