US Tax Tools

Long-Term Care Insurance Deduction Calculator

LTC insurance premiums are tax deductible — but only up to IRS age-based limits and subject to the 7.5% AGI floor. Self-employed? You can deduct above the line.

Your Information

Age Group

Age 61–70

LTC Premium Limit

$5,010

Deductible LTC Premium

$5,000

Medical Deduction

$2,000
Tax Savings Analysis

Medical Expense Floor (7.5% AGI)

$6,000

Estimated Tax Savings

$0

Related Calculators

Last updated May 8, 2026 Tax year 2025–2026

Data sources: IRS Pub 502 — Medical and Dental Expenses, IRS Rev. Proc. 2025-38 (LTC premium limits), IRC §213(d) — medical expense deduction, IRC §162(l) — self-employed health insurance deduction

This tool is general information only, not financial advice.

Reviewed by USTax Tools Editorial Desk

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