Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

What's New This Year

Standard and Itemized Deductions

Eligible Long-Term Care Premium Limits

For 2014, the maximum amount of qualified long-term care premiums includible as medical expenses has increased. Qualified long-term care premiums, up to the amounts shown below, can be included as medical expenses on Form 1040, Schedule A:

  • $370 - age 40 or under
  • $700 - age 41 to 50
  • $1,400 - age 51 to 60
  • $3,720 - age 61 to 70
  • $4,660 - age 71 and over
Tip

The limit on premiums is for each person.