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

Important Changes This Year

Standard and Itemized Deductions

Eligible Long-Term Care Premium Limits

For 2023, 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 Schedule A (Form 1040), Itemized Deductions, or in calculating the self-employed health insurance deduction.

  • Age 40 or under: $480
  • Age 41 to 50: $890
  • Age 51 to 60: $1,790
  • Age 61 to 70: $4,770
  • Age 71 and over: $5,960

The limit on premiums is for each person.