Welcome, Guest. Register Now!
   
Veiw New Posts View Todays Posts


Itemized Deductions Schedule-A

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Financial Planning
 
 
 



Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 04-01-2007, 12:44 AM
Super Moderator
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 641
Blog Entries: 1
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.
__________________
Ask TaxGuru
Please refer to the legal disclaimer.
Reply With Quote
Sponsors
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off