![]() We knew about the tax write off; we didn't realize that our daily benefit of $1,000 per day in our 80's was tax free. |
Tax benefits* for individuals with long-term care
|
Attained Age Before Close of Taxable Year
| |||||||||||
| 40 or less | $290 |
| More than 40, but not more than 50 | $550 |
| More than 50, but not more than 60 | $1,110 |
| More than 60, but not more than 70 | $2,950 |
| More than 70 | $3,680 |
Source: IRS Revenue Procedure 2006-53 (2007 limits).
Please consult your tax consultant and financial advisor regarding tax issues.
Dunn Insurance Services LLC
4015 East Lupine Avenue
Phoenix, Arizona 85028
602-923-4949 or, toll-free: 1-866-380-2169
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