Certified Elder Care Attorney, Victoria Collier invites readers to spend a little time reviewing insurance policies to ascertain if they have long-term care in order to benefit from increased tax deductions for 2018.
Decatur, GA, November 16, 2017: Victoria L. Collier, founder of The Elder & Disability Law Firm, has posted a new blog on her law firm’s website entitled “Long-Term Care Insurance Could Mean An Increased Tax Deduction.” Ms. Collier knows the subject of taxes is far less interesting than holiday planning, however, she makes an interesting point.
Collier writes, “I realize we are coming into the holiday season and our thoughts may resist being turned toward the 2018 tax season.” She continues adding, “However, the effort could be well worth it since the Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2018 income as a result of buying long-term care insurance.”
According to Collier, “This is a fine time to review your insurance coverage with your insurance professional to make sure you have long-term care insurance and to see if your premium meets the requirements to be qualified for the tax deduction.”
Collier lists the deductions as reported by the IRS. She also suggest, “Give yourself a gift before the holidays. Make sure you have long-term care insurance. If not, this is a great time to make the leap. Do it for your loved ones as well as the increased tax deduction.”
The entire blog can be read at http://www.elderlawgeorgia.com/long-term-care-insurance-mean-increased-tax-deduction/
About Victoria Collier
Victoria L. Collier, CELA founded The Elder & Disability Law Firm of Victoria L. Collier, P.C. to serve the legal needs of seniors when their health care needs increase. Victoria is also Co-Founder of Collier Scott Financial Solutions, LLC. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability.
Victoria enlisted in the U.S. Air Force during Desert Storm, 1989-1995, and also served in the U.S. Army Reserves, 1Lt. 2001-2004, JAG Corps. Victoria is a national expert on the VA Wartime Pension for veterans and their widows who need additional assistance with activities of daily living and helping them qualify for and receive tax-free income from the VA to pay for it. Victoria graduated from Valdosta State University with a B.A. in Psychology and then University of Nebraska, College of Law. In 2014, Victoria was awarded with the Alumni Master Award from the University of Nebraska.
Victoria is a Certified Elder Law Attorney through The National Elder Law Foundation and has been named as the only attorney in Georgia as “Fellow” of the National Academy of Elder Law Attorneys (NAELA). Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit. Victoria has co-authored several books: Blooper Episodes in Estate Planning, Don’t Go Broke in a Nursing Home, and Protect Your IRA: Avoid the 5 Common Mistakes. Most notably, Victoria co-authored the National Best Seller, The Road to Success, with Jack Canfield, author of Chicken Soup for the Soul series.
About The Elder & Disability Law Firm
The Elder & Disability Law Firm was established to serve the legal needs of senior citizens when their healthcare needs increase. The Firm focuses its entire practice on Elder Law and Estate Planning matters, which encompasses the areas of Asset Protection, Medicaid Planning, VA Benefits planning, Estate and Special Needs Planning. Victoria Collier has grown her law practice through her personable nature and good management skills.