“2021 Tax Deductibility Limits,” by Jesse Slome, American Association for Long-Term Care Insurance
Quote:
“The following are the new 2021 deductible limits per-individual (2020 in brackets):
Attained Age Before Close of Taxable Year 2021 Limit (2020)
40 or less $450 ($430)
More than 40 but not more than 50 $850 ($810)
More than 50 but not more than 60 $1,690 ($1,6,30)
More than 60 but not more than 70 $4,520 ($4,350)
More than 70 $5,640 ($5,430)”
LTC Comment: Thanks to Jesse Slome and the AALTCI for this latest annual update. Find all previous year’s Tax Deductibility Limits in the Center for Long-Term Care Reform’s Members-Only website here.