Los Angeles, CA, November 12, 2026 --( PR.com )-- Americans considering long-term care insurance have another reason to examine the potential tax advantages of coverage. The Internal Revenue Service has announced higher 2027 limits on premiums that may qualify for favorable federal tax treatment, according to the American Association for Long-Term Care Insurance (AALTCI).
The new limits allow eligible taxpayers to count as much as $6,290 per individual age 71 or older toward the potential tax deduction for qualified long-term care insurance premiums. That represents an increase from the 2026 limit of $6,200. A married couple where both individuals qualify could have as much as $12,580 in eligible premiums, depending on their ages and individual circumstances.
"Many Americans are unaware that long-term care insurance premiums may qualify for a tax deduction," said Jesse Slome, director emeritus of the American Association for Long-Term Care Insurance. "This is particularly important for business owners and people approaching or already in retirement. The potential tax advantages deserve to be part of the conversation when evaluating long-term care protection."
The tax treatment can ...