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What is the maximum deduction I can claim for long-term health insurance premiums if my wife is 73 and I an 74 years of age?

What is the maximum I can claim as a deduction for insurance premiums I paid for long-term health ?care insurance
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2 Replies

What is the maximum deduction I can claim for long-term health insurance premiums if my wife is 73 and I an 74 years of age?

just enter the total paid for each under the LTC section of medical expenses.  Turbotax will apply the applicable limits 

HelenC12
Expert Alumni

What is the maximum deduction I can claim for long-term health insurance premiums if my wife is 73 and I an 74 years of age?

For ages 71 and older, the 2021 limit is $5,640.  These limits mean that you can only include the specified amount for your age bracket as a medical expense even if the actual amount you paid in long-term care premiums is higher. 

 

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