Is Long Term Care Insurance A Medical Expense?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, Long Term Care Insurance can be claimed as a medical expense on tax returns. If you are self employed you can deduct the entire LTC premium up to the limits set. If you are an individual filing a tax return for LTC premiums that you (and not your employer) paid, you can include the cost of Long Term Care premiums in with your other medical expenses.
    Answered on August 29, 2013
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