Archive for the ‘United States’ Category

Long term care premium – only for state tax return credit an no federal tax impact?

SM S asked:

If I use itemized deduction, there is no impact on federal tax return related to long term care premium paid, correct? Only state income tax can give creidt. Right? Thanks


Can long-term Care Insurance be deducted by S-Corp?

Trouble Maker asked:

Can long-term care insurance be deducted on behalf of the owner by S-Corp?