LTC Premiums Can Be Paid For Through Your Business
Can a tax deduction help you afford long-term care insurance? If you're self-employed and buying it through your business, absolutely. "It's kind of a hidden secret," says Michele Glisson, an insurance broker in Bradenton, Fl. "Accountants will say you ought to contribute to a 401K retirement plan but they don't often bring up the fact that you can buy long-term care insurance through your business and get a tax deduction," she adds.Here's the deal for self-employed folks wit
