“2021 Tax Deductibility Limits”

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.