https://ttlc.intuit.com/community/taxes/discussion/long-term-care-single-premium/01/2418608#M918682 <P>My wife and I purchased a long term care single premium payment years ago.&nbsp; Each year we get a statement that says how much of that goes toward the annual premium.&nbsp; Can we claim that portion as an insurance premium?</P> Wed, 26 Jan 2022 18:37:33 GMT Contented 2022-01-26T18:37:33Z https://ttlc.intuit.com/community/taxes/discussion/long-term-care-single-premium/01/2418608#M918682 <P>My wife and I purchased a long term care single premium payment years ago.&nbsp; Each year we get a statement that says how much of that goes toward the annual premium.&nbsp; Can we claim that portion as an insurance premium?</P> Wed, 26 Jan 2022 18:37:33 GMT https://ttlc.intuit.com/community/taxes/discussion/long-term-care-single-premium/01/2418608#M918682 Contented 2022-01-26T18:37:33Z https://ttlc.intuit.com/community/taxes/discussion/re-long-term-care-single-premium/01/2418866#M918683 <P>No.&nbsp; The itemized deduction for medical expenses is only for premiums actually paid in the tax year.&nbsp; Here is <A href="https://www.irs.gov/publications/p502#en_US_2021_publink1000178978" target="_blank">IRS Publication 502</A> for reference. See "What expenses can you include this year."</P> Wed, 26 Jan 2022 19:19:26 GMT https://ttlc.intuit.com/community/taxes/discussion/re-long-term-care-single-premium/01/2418866#M918683 DMarkM1 2022-01-26T19:19:26Z