6.6 Exam Questions With Solutions
If the taxpayer paid premiums for a qualified long-term care insurance contract, they may be able
to? Deduct all or part of these insurance premiums based on their age
To see the amount a taxpayer may deduct for qualified long-term care insurance contract
premiums? See IRS Publication 502, Medical and Dental Expenses, page 11
You can include the following as medical expenses on Schedule A (Form 1040):
Qualified long-term care premiums up to the following amounts. a. Age 40 or under -
$380.
b. Age 41 to 50 - $710.
c. Age 51 to 60 - $1,430.
d. Age 61 to 70 - $3,800.
e. Age 71 or over - $4,750.
Unreimbursed expenses for qualified long-term care services