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Tuesday, February 9, 2010
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Long-term care tax relief a no-go
Supporters of legislation that would create tax breaks for long-term care insurance premiums will have to wait until the next Congress. A handful of measures died in committee last month that either would have provided a tax deduction for such insurance premiums or would have given a tax credit to individuals who cared for those with long term care needs. For a look at the bills introduced in the last Congress, visit thomas.loc.gov and enter “long term care insurance premiums” in the search box.
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