Long term care premiums (I wasn't sure which long term you meant, see below
)
These premiums are deductible on Schedule A for a qualified long-term care plan, but the deduction is subject to special limits:
Qualified long-term care premiums are deductible up to the following amounts.
- Age 40 or under – $390.
- Age 41 to 50 – $730.
- Age 51 to 60 – $1,460
- Age 61 to 70 – $3,900
- Age 71 or over – $4,870
Long term disability premiums
Not deductible
Short term disability premiums
Not deductible
Life insurance premiums
Not deductible
Dental insurance
Dental insurance premiums are deductible on Schedule A