In 2018, Brandon, age 72, paid $5,000 for long-term care insurance premiums. He may include the $5,000 in computing his medical expense deduction for the year.

Question

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Long-term care insurance premiums are considered a qualified medical expense and can be included in the computation of medical expense deduction if the taxpayer meets the criteria set by the IRS. Brandon, age 72, is likely to meet the criteria and can include the $5,000 in his medical expense deduction.

In 2018, Brandon, Age 72, Paid $5,000 for Long-Term Care