Medical & Dental Expenses: Long-Term Care Insurance Premium Limits
Quick answer
Premiums for a qualified long-term care insurance contract count as medical expenses only up to an age-based annual limit per insured person, adjusted for inflation each year. Premiums above that limit are not deductible, and the allowable amount remains subject to the AGI floor. IRC Sections 213(d)(10) and 7702B govern.
Long-Term Care Insurance Premium Limits is tested on EA Exam Part 1 (Deductions & Credits). Primary IRS reference: IRC § 213(d)(10).
Last updated
Cite or share this
About this EA exam topic
Long-term care (LTC) insurance premiums are deductible as medical expenses, but only up to an age-based annual limit. This subtopic tests those per-person limits and what qualifies as a qualified LTC contract.
The EA exam gives premiums and ages and asks for the deductible amount, testing whether you apply the age-banded ceilings rather than the full premium.
What you'll be tested on
- Age-based annual limits on deductible LTC premiums
- What makes an LTC contract qualified
- Coordination with the overall medical AGI floor
- Self-employed treatment of LTC premiums
How to prepare
- Remember the deduction is capped by age band, not the full premium.
- Confirm the contract is a qualified LTC contract.
- Note the self-employed health-insurance interaction.
Practice questions for Long-Term Care Insurance Premium Limits
What this topic covers
Long-Term Care Insurance Premium Limits appears in Part 1: Individual Taxation within the Deductions & Credits domain. VantageEA practice questions focus on how medical & dental expenses rules are applied in realistic EA exam fact patterns.
What candidates practice
Candidates practice identifying tested facts, choosing the best multiple-choice answer, and reviewing explanations tied to IRC § 213(d)(10), IRC § 7702B, IRS Publication 502, Revenue Procedure 2024-40. This topic supports timed 100-question PSI-style mock tests and shorter topic review sessions.
Related practice-question themes include medical-expenses, long-term-care, ltc-insurance, age-based-limits.
Topic overview
Official IRS sources
Related keywords
Frequently asked questions
Are LTC premiums fully deductible?
No, only up to an age-based annual per-person limit, as part of medical expenses.
Which part?
Part 1 (Individuals).
Reference?
IRS Publication 502.
Continue studying
More Deductions & Credits topics from Part 1
Above-Line Deductions: Above-Line Deductions (HSA, IRA, Student Loan)
Deductions & Credits
Charitable Contributions: Charitable Contributions
Deductions & Credits
Medical & Dental Expenses: 7.5% AGI Floor Calculation
Deductions & Credits
Medical & Dental Expenses: Payment Timing Rules
Deductions & Credits
Medical & Dental Expenses: Qualified vs. Non-Qualified Expenses
Deductions & Credits
Medical & Dental Expenses: Insurance Reimbursement Rules
Deductions & Credits
Practice this topic.
Start free.
Try the EA exam free: practice questions, no login
PSI-style questions with instant scoring and IRS-referenced explanations. Free to use, with no credit card or account.