What does Tax-Qualified mean?

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