H&R BLOCK INCOME TAX COURSE
questions and answers
If the taxpayer paid for qualified long-term care services during the year, they may be eligible
to?✔✔Deduct these costs
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
Qualified long-term care services are services prescribed by licensed healthcare practitioners for
chronically ill individuals. These services must be:✔✔• Necessary diagnostic, preventative,
therapeutic, curing, treating, mitigating, and rehabilitative services
• Maintenance or personal care services
A qualified long-term care insurance contract is an insurance contract that provide coverage only for
qualified long-term care services. The contract must:
(BE A GR, PROVIDE NO $ for taxpayer, only benefits)✔✔• Be guaranteed renewable
• Not provide for a cash surrender value
• Not pay or reimburse expenses that would be covered under Medicare
• Provide that refunds and dividends under the contract must be used only to reduce future
premiums or increase future benefits
• Not apply to refunds on the death of the insured or upon surrender or cancellation of the contract
questions and answers
If the taxpayer paid for qualified long-term care services during the year, they may be eligible
to?✔✔Deduct these costs
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
Qualified long-term care services are services prescribed by licensed healthcare practitioners for
chronically ill individuals. These services must be:✔✔• Necessary diagnostic, preventative,
therapeutic, curing, treating, mitigating, and rehabilitative services
• Maintenance or personal care services
A qualified long-term care insurance contract is an insurance contract that provide coverage only for
qualified long-term care services. The contract must:
(BE A GR, PROVIDE NO $ for taxpayer, only benefits)✔✔• Be guaranteed renewable
• Not provide for a cash surrender value
• Not pay or reimburse expenses that would be covered under Medicare
• Provide that refunds and dividends under the contract must be used only to reduce future
premiums or increase future benefits
• Not apply to refunds on the death of the insured or upon surrender or cancellation of the contract
