Yes.
Premiums for qualified long-term care insurance policies are only deductible on your 2021 federal taxes if you itemize, up to these per-person amounts:
- $450 — under age 41 as of December 31, 2021
- $850 — age 41–50 as of December 31, 2021
- $1,690 — age 51–60 as of December 31, 2021
- $4,520 — age 61–70 as of December 31, 2021
- $5,640 — age 71 or higher as of December 31, 2021
Some states also have their own long-term care credit or deduction; when you do your state taxes, we'll let you know if your state offers tax breaks for long-term care.
