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| 2008
Tax Deductibility of Individual Long Term Care Insurance Premiums |
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| Age
40 or less |
$310 |
| Ages 41-50 | $580 |
| Ages 51-60 | $1150 |
| Ages 61-70 | $3080 |
| Over age 70 | $3850 |
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| 2009
Tax Deductibility of Individual Long Term Care Insurance Premiums |
|
| Age
40 or less |
$320 |
| Ages 41-50 | $600 |
| Ages 51-60 | $1190 |
| Ages 61-70 | $3180 |
| Over age 70 | $3980 |
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| 2008NYS
allows a 20% tax credit for tax qualified long term care insurance premiums.
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| Please
consult your tax advisor for specific information regarding taxes. |
|
| Tax
Qualified Long Term Care Insurance Premiums are 100% tax deductible
to C-Corporations Note: Tax savings apply only to tax qualified policies
and for individuals are subject to exceeding 7.5 of the AGI. |
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