Preparing For Tomorrow podcast

What does Tax-Qualified mean?


Listen Later

Kevin in Colorado asked what a tax-qualified LTC plan is and wants to know how a tax qualified LTC plan can benefit his family. Diane shares when tax-qualified plans were put into effect and how they benefit consumers and business owners when both paying premiums and receiving benefits. Thank you in advance for sharing this with those you care about most. In 2023, 100% of LTC premiums are tax deductble for a C corporation. S corporations, self employed, and partnerships can deduct amounts based on age Age <40 = $480 41-50 = $890 51-60 = $1790 61-70 = $4770 71+ = $5960 Schedule with me to learn how you or your business or employess can obtan tax-free LTC benefits while securing additionalk tax deductions for the business. https://calendly.com/diane-p4t/60min
...more
View all episodesView all episodes
Download on the App Store

Preparing For Tomorrow podcastBy Diane Stoddart, Certified Long Term Care Consultant, CLTC

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

9 ratings


More shows like Preparing For Tomorrow podcast

View all
The Clark Howard Podcast by Clark Howard

The Clark Howard Podcast

5,472 Listeners

The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

The Retirement and IRA Show

753 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

823 Listeners