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P
phwnshp
January 30, 2025
Question

Are Long Term Care Insurance premiums deductible?

  • January 30, 2025
  • 1 reply
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    J
    JamesG1
    January 30, 2025

    For 2024, you may deduct long-term care insurance premiums if you itemize your deductions instead of taking the Standard Deduction. 

     

    Like other medical expense deductions, you can only deduct what exceeds 7.5% of your adjusted gross income (AGI).

     

    See also this.

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