Jesse Slome, executive director of the American Association for Long-Term Care Insurance (AALTCI), issued a release yesterday that says The Internal Revenue Service (IRS) has announced increased deductible levels for long-term care insurance policies that will be purchased in 2011. The deductible limits under Section 213(d)(10) for eligible long-term care premiums are as follows: If you are 40 years old or less you can deduct 0. More than 40 but not more than 50, you can deduct 0. More than 50 but not more than 60, you can deduct 70. More than 60 but not more than 70, you can deduct 90. Check with your tax professional.
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