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Friday, November 20, 2009
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New long term care tax break on table
A bill recently was introduced that would provide a tax credit for long term care insurance premiums. Introduced by Sen. David Vitter, R-La., and called the Long-Term Care Family Accessibility Act, S 3365 joins a handful of others seeking tax deductions for the costs associated with long term care. The new bill would provide a tax credit of 50% of the cost of annual premiums for such insurance. For a look at the measure or to see similar bills, visit thomas.loc.gov.
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