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Tax Law Highlights - 2012

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  4. Long Term Care Premium Deduction - 2013

Long Term Care Premium Deduction - 2013

The Maximum amount of aged based long term care premiums that can be included as deductible medical expenses (subject to the 10 / 7.5 AGI floor) is: $360 for 40 year olds or younger $680 for ages 41 through 50 $1,360 for ages 51 through 60 $3,640 for ages 61 through 70 $4,550 for ages over age 70

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