Long-Term Care Insurance
$100-$500/mo
Is a Long-term Care Insurance Tax Deductible?
Short answer: Long-Term Care Insurance — Medical & Health Insurance
Long-term care insurance for self-employed (age-limited deduction).
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-B10-09006
low risk
Long-Term Care Insurance
Typical range: $100-$500/mo
Multiple industries
Insurance & Licenses
Medical & Health Insurance
Medical & Health
Long-Term Care Insurance — Medical & Health Insurance
Applies to
- All Industries
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Long-term care insurance for self-employed (age-limited deduction).
Category
- Medical & Health Insurance
- Medical & Health
medical & health insurance
medical health insurance
long term care insurance
medical & health
medical health