Long-Term Care Premiums |
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2008
For 2008, the maximum amount of qualified long-term care premiums you can include as medical expenses has increased. You can include qualified long-term care premiums, up to the amounts shown below, as medical expenses on Schedule A (Form 1040).
- Age 40 or under – $310.
- Age 41 to 50 – $580.
- Age 51 to 60 – $1,150.
- Age 61 to 70 – $3,080.
- Age 71 or over – $3,850.
Note. The limit is for each person.
2009
Increase in Deductible Limit for Long-Term Care Premiums
For 2009, the maximum amount of qualified long-term care premiums you can include as medical expenses has increased. You can include qualified long-term care premiums, up to the amounts shown below, as medical expenses on Schedule A (Form 1040).
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Age 40 or under - $320.
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Age 41 to 50 - $600.
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Age 51 to 60 - $1,190.
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Age 61 to 70 - $3,180.
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Age 71 or over - $3,980.
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Page Last Reviewed or Updated: November 10, 2009