State:

Below you will find the tax incentives for Indiana

Deduction: Applies to Partnership Policies Only - Taxpayer may subtract an amount equal to the portion of any premiums paid during the taxable year by the taxpayer for a qualified long term care policy (as defined in IC 12-15-39.6-5) for the taxpayer or the taxpayer's spouse, or both."

This information is based upon the tax laws in effect at the time of publication.

We do not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.