Good News | Updated 2021 Tax Deductible Limits Just Announced

Good News!

New 2021 Tax Deductible Limits for LTCi Just Announced

Increased tax deductible limits can be a significant benefit for those with tax-qualified
long-term care insurance policies, according to the American Association for Long-Term Care Insurance.

The following are the just-announced 2021 limits (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  ($1,630)
More than 60 but not more than 70 $4,520  ($4,350)
More than 70 $5,640  ($5,430)

Click here for the entire announcement (AALTCI)


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