In 2016,Brandon,age 72,paid $3,000 for long-term care insurance premiums.He may include the $3,000 in computing his medical expense deduction for the year.

Question

Quizplus · Accepted Answer

Long-term care insurance premiums are considered a qualifying medical expense and can be included in calculating the medical expense deduction, subject to certain limitations. As long as Brandon meets the criteria for deducting medical expenses, he can include the $3,000 paid for long-term care insurance premiums in his deduction calculation.

In 2016,Brandon,age 72,paid $3,000 for Long-Term Care Insurance Premiums