Currently, long-term care insurance premiums are deductible for federal income tax purposes only if your total un-reimbursed medical expenses exceed 7 ½% of your adjusted gross income.  [Tell me more]

However, more and more states are providing a tax deduction or tax credit for long-term care insurance. In essence, these incentives mean that the state pays part of your premium. 22 states currently provide incentives. [Tell me more]

This information is not a substitute for expert tax advice. Please contact a tax professional for complete details.