Long-term care insurance premiums
$1,500-$5,000/yr
Can You Write Off Long-term Care Insurance Premiums?
Short answer: Yes, up to an age-based IRS limit per person each year.
The limit rises with age; premiums above it don't count. Medical costs are an itemized deduction only for the amount above 7.5% of your AGI, and only if your total itemized deductions beat the standard deduction ($16,100 single / $32,200 joint for 2026).
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
Long-term care insurance premiums
Typical range: $1,500-$5,000/yr
Individuals / Personal Taxes
Yes, up to an age-based IRS limit per person each year.
Business justification
Yes, up to an age-based IRS limit per person each year. The limit rises with age; premiums above it don't count. Medical costs are an itemized deduction only for the amount above 7.5% of your AGI, and only if your total itemized deductions beat the standard deduction ($16,100 single / $32,200 joint for 2026).
Category
- Personal Tax Deductions