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Business, 31.03.2020 04:02 shannydouglas

Victor, age 59, calculated last year's gross income to be $100,000. When reviewing the cost of his various personal insurance policies, he found that his disability income policy annual premium was $3,500, his long-term care insurance annual premium was $4,000, and the total annual cost of his individual Medical insurance premiums and out-of-pocket medical expenses came to $5,500. Based on this information, he could deduct from his taxable income for that year.

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Victor, age 59, calculated last year's gross income to be $100,000. When reviewing the cost of his v...
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