Eligible Long-Term Care Premium Limits

For 2024, the maximum amount of qualified long-term care premiums includible as medical expenses has increased. Qualified long-term care premiums up to the amounts shown below can be included as medical expenses on Schedule A (Form 1040), Itemized Deductions, or in calculating the self-employed health insurance deduction.

• Age 40 or under: $470
• Age 41 to 50: $880
• Age 51 to 60: $1,760
• Age 61 to 70: $4,710
• Age 71 and over: $5,880

The limit on premiums is for each person. For calendar year 2024, gross income includes the amount received under a long-term care policy in excess of the per-diem amount of $410 (a decrease of $10) or the actual cost of long-term care services, if more.