To claim the deduction for long-term care expenses, you must itemize deductions on your tax return on your Schedule A (Form 1040). As mentioned, you can generally claim tax deductions on medical ...

Long-term care is an important consideration as you plan for your retirement. After all, most older Americans will need some ...

The funds to help residents pay long-term care expenses come from payroll tax deductions of 0.58% (or 58 cents per $100) of residents' wages. Those payroll deductions started last year ...

Q. Are there limits in the tax deductibility of qualified long-term care premiums for individuals who itemize their tax deductions? A. The federal tax code has a 7.5 percent floor governing ...