Aug 3, 2021
After last week's episode on tax deductibility of LTC insurance premiums, we received multiple inquiries about taxes and C corporations paying for LTC insurance for some key employees. This is apparently a HOT TOPIC!!! Yes, corporations can often deduct premiums paid for employees, the employees receive LTC coverage with tax free benefits, and the employee's gross income is not increased by this employer benefit. Listen and learn how this strategy works and ask us to help you decide if this can be offered to your employees.