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Old 11-11-2013, 04:39 PM
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Starting 2013, the maximum on deductions for long-term care insurance premiums has been increased!

Starting 2013, the maximum on deductions for long-term care insurance premiums has been increased.

This is a tax break that many taxpayers are not aware of or have little knowledge. If the taxpayers are;
  • aged 51 to 60, they will be able to deduct up to $1,360;
  • age 61 to 70, up to $3,640;
  • taxpayers aged above 70, up to $4,550 for such premiums.

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