Question

In AZ can I deduct my Long Term Care Premium Insurance Payments even if I am not using LTC services?

Forum|Forum|3 years ago
February 14, 2023
1 reply
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I am paying premiums for our LTC policy but fortunately we haven't had to use it yet but can I claim it as a deduction when filing AZ state taxes?

TurboTax Online

DMarkM1

AZ conforms to the federal law on deductible medical expenses. The only difference being there is no floor. If you are itemizing then 100% of medical expenses will be deductible from AZ taxable income vice the federal rule of needing to exceed 7.5% of Adjusted Gross Income.

In regards to long term care premiums there is a limit to the amount allowed as a medical expense based on your age.

If 40 or under $450

41-50 $850

51-60 $1690

61-70 $4510

71 or older $5640

Any medical expenses entered in the "Deductions and Credits" section "Medical" topic are automatically carried to your AZ state return as an itemized deduction.

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