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slix3454
New Member

Where do we deduct $ for purchasing long term care insurance?

 
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Scott23
New Member

Where do we deduct $ for purchasing long term care insurance?

If you're self-employed you can deduct all (or part) of your LTCi premium on the front of form 1040 under the "Self-employed health insurance deduction."

If you own a Health Savings Account, you can reimburse yourself for most (or all) of your LTCi premium through your HSA.

Where do we deduct $ for purchasing long term care insurance?

To enter long term care insurance:

  • Type in medical expenses, sch a the search box, top right of your screen, then click the magnifying glass

  • Click the medical expenses, sch a link in the search results

  • Follow to prompts and online instructions

Navigate to the How much did you spend on insurance premiums? page.

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