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).

• Age 40 or under - $320.
• Age 41 to 50 - $600.
• Age 51 to 60 - $1,190.
• Age 61 to 70 - $3,180.
• Age 71 or over - $3,980.