Home -> Law Blog Directory -> Elder Law Blogs -> Law Office of Donald D. Vanarelli Blog
Elder Law
: Law Office of Donald D. Vanarelli BlogIRS Releases 2009 Limits on Deductions for Qualified Long Term Care Insurance Premiums
By dvanar
The Internal Revenue Service has announced the maximum tax deduction that can be taken on qualified Long Term Care Insurance premiums in 2009.
Maximum Deduction for Qualified LTCI Premiums Under Code 213(d)(10)
|
Attained Age Before Close of Year |
2008 |
2009 |
|
40 or less |
$310 |
$320 |
|
More than 40 but no more than 50 |
$580 |
$600 |
|
More than 50 but no more than 60 |
$1,150 |
$1,190 |
|
More than 60 but no more than 70 |
$3,080 |
$3,180 |
|
More than 70 |
$3,850 |
$3,980 |
Source: IRS Revenue Procedure 2007-66 (2008 limits) and 2008-66 (2009 limits)
Full post as published by Law Office of Donald D. Vanarelli Blog on November 05, 2008 (boomark / email).
Can I Deduct my Long Term Car Insurance Premiums
As we get older long term care insurance premiums can become expensive. To qualify for a deduction on the insurance costs the policy must be a "qualified policy" as defined by the IRS...
Long Term Care Insurance Premiums on the Rise
Category: Elder Law, Financial PlanningJust like in the mortgage market where making mortgages too cheap in years past is making them more expensive today, the Long Term Care insurance market is in the midst of an upward adjustment...
Premiums Rise for Long-Term Insurance.
John Hancock is reportedly joining Genworth in seeking Premium Rate Increases for some existing Long-Term Insurance Policies. Kimberly Lankford, Kiplinger's Personal Finance, published as "Long-Term-Care Insurance Rates Are Set to Increase" at washingtonpost...
Long Term Health Insurance: Holding Up the Works…
Washington, DC: In politics, it's known as the filibuster: argue a point incessantly and in circles, and in so doing delaying passage of legislation. In the world of long-term care insurance, such tactics are hardly surprising given the overall reluctance of the industry to play claims...
Long Term Care Insurance For Plaintiffs, Attorneys and Brokers
Think Long Term Care Insurance is simply for old-timers in nursing homes? Think again! According to a study published by the American Association For Long Term Care Insurance:$3.5B in claims were paid out in 2007 to 180,000 Americans...
Florida Long Term Care Insurance Backfires
Many individuals have long term care insurance to help with nursing home and assisted living costs. Generally it has been considered a good idea when individuals can afford the premiums...
Will Your Auto Insurance Protect You After An Auto Accident?
By law, every Illinois motorist is required to carry a specific am...
Insurance Department Issues Second Annual Ohio Medical Liability Closed Claim Report
COLUMBUS — The Ohio Department of Insurance has issued its secon...
Tenants Allowed to Maintain Almost "No Deductible" For Commercial Insurance Coverage
When was the last time you reviewed the insurance provision of you...
NY Insurance Companies Latest Attack on No-Fault Benefits
Almost since the inception of New York's No-Fault Law in 1974, New...
New York Insurance Cases--Do You Need A Private Attorney?
Our White Plains, New York office gets numerous calls and e-mails ...
Medicare
Guide to government health insurance for the elderly
Dumb New York Laws
Stupid Laws in the Empire State
National Practitioner Data Bank Fact
NPDB identifies unprofessional healthcare practitioners
Can a former employee use photographs of jobs completed whie working for me in marketing material for a new business?
There are several issues here
1. Sub contractor started up a compe...
Can collection agency call me for my mother debt that she never had?
Get an Attorney - quickly. Do not talk to the collection people. Do not tell the...
Well I hold a lease agreement with a long time friend of mine he is the main lease holder but I am on the lease I have never been late on any rent or utilities I am very clean and mostly keep to my self but if soemthing
as long as your name is on the lease and youve done nothing illegal, you dont ha...
Hello,My father was let into our home because he messed up his life- job loss, divorce, new job, dui, lossed home and the story goes on.. I am pretty simpathetic towards him and my fiance and I let him in in lieu of chur
If he is not on the lease, you can simply call the cops and inform them of this....
What role does financial means determine which parent gains custody?
was(am) a single male that gained custody of my daughter when she was three. Thi...
Long-Term Insurance Suit
Settled for $15 Million
Pesticides
Long-Term Exposure Linked to Diabetes
UnumProvident
for allegedly denying long-term disability claims.
John Vermillion and Associates LLC et al.
allegedly misrepresented themselves as qualified financial advisers to sell living trusts and exploit senior citizens.
Adult Care
Friendship Care Assisted Living ordered to pay $20,000 fine for facility violations and negligence.
Bell Canada
alleging wrongful charging for long distance phone calls

Can a former employee use photographs of jobs completed whie working for me in marketing material for a new business?
There are several issues here
1. Sub contractor started up a compe...
Can collection agency call me for my mother debt that she never had?
Get an Attorney - quickly. Do not talk to the collection people. Do not tell the...
Well I hold a lease agreement with a long time friend of mine he is the main lease holder but I am on the lease I have never been late on any rent or utilities I am very clean and mostly keep to my self but if soemthing
as long as your name is on the lease and youve done nothing illegal, you dont ha...
Hello,My father was let into our home because he messed up his life- job loss, divorce, new job, dui, lossed home and the story goes on.. I am pretty simpathetic towards him and my fiance and I let him in in lieu of chur
If he is not on the lease, you can simply call the cops and inform them of this....
What role does financial means determine which parent gains custody?
was(am) a single male that gained custody of my daughter when she was three. Thi...








