Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance > Health Insurance

Connecticut Considers LTCI Deduction Bill

Your article was successfully shared with the contacts you provided.

The Connecticut Senate Aging Committee is trying to give Nutmeg State residents a new incentive to buy long-term care insurance (LTCI).

The committee has introduced Senate Bill 178, a bill that would provide a personal income tax deduction for LTCI premiums.

If implemented as written, the deduction would take effect on passage and apply to taxable years starting on or after Jan. 1, 2012.

The bill would allow a state resident to deduct “any amount paid during the taxable year for the premium on a long-term care insurance policy,” according to the bill text.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.