Starting 2013, the maximum on deductions for long-term care insurance premiums has been increased.

This is a tax break that many taxpayers are not aware of or have little knowledge. If the taxpayers are;

• aged 51 to 60, they will be able to deduct up to $1,360;
• age 61 to 70, up to $3,640;
• taxpayers aged above 70, up to $4,550 for such premiums.

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